How To Buy Your House From The Council

You re a secure tenant.

How to buy your house from the council. Use the eligibility checker on the right to buy website to find out if you can apply. 40 of 120 000 is 48 000. This is also likely to apply if you have referred your application to the district valuer and have not yet received a visit from them. If you ve bought an ex council property then you might be able to sell it back to your local council. The only way you can check if your local council are buying ex council houses back is by getting in touch with them directly.

After 5 years the discount goes up by 1 for every extra year you ve been a public sector tenant up to a maximum of 70 or. Right to buy allows most council tenants to buy their council home at a discount. As you re in the second year. There are different rules for. The government website states this about the discounts available to those who have lived in their council house for more than 3 years and wish to use the right to buy.

Under the preserved right to buy scheme the maximum discount to buy your home is 70 40 years for a house and 70 15 years for a flat apartment or maisonette. The type of property you re buying a flat or house the value of your home if you re buying with someone else you count the years of whoever s been a public sector tenant the longest. If you want to find out whether you can sell your house to the council the first thing you would need to do is to contact the housing department or development team at your local council. Example you bought your home worth 100 000 and got a 40 discount 40 000. Discounts to buy your home.

You then sold your home after 18 months for 120 000. We all know that council and social housing stock is low these days with many people keen to rent and not enough houses to go around. Councils have no obligation to buy your property back so it depends as to whether they are actively buying property or not which is usually subject to how much demand they have for housing in the area. You ve had a public sector landlord for. You get a 35 discount if you ve been a public sector tenant for between 3 and 5 years.