Right to Buy transactions

The government back ‘Right to Buy’ scheme (RTB) allows eligible council and social housing tenants to purchase their homes at a discounted rate. As the rules and laws differ slightly across jurisdictions the service benefits from the inclusion of a residential conveyancing solicitor to ensure all legal formalities are fulfilled, and the transactions proceeds as planned.

Considerations can include;

  • whether the property is the only, or main home
  • whether the property is self contained
  • whether the tenancy is secure
  • whether the tenant has a public or private sector landlord

Shared Ownership Right To Buy

Launched in 2014 Social Homebuy is a scheme which allows you to purchase a share of your home from the local council or housing association, and pay rent on the rest. Benefits include a reduction on the buying price of your home (up to £16,000), and the ability to calculate a reasonable repayment sum. Considerations include;

  • You must buy at least 25% of your home (additional percentages can be purchased later).
  • Your rent fee corresponds with your ownership percentage, decreasing as you purchase more.
  • Shared ownership schemes are not available to assured shorthold tenants, those who have been made bankrupt, or a court has ordered you to leave your home.


Here at Bannister Preston Solicitors LLP we are highly recommended by our clients. We strive to provide excellent guidance and pride ourselves on our service.

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