Harrogate office - 01423 317002 . . .London office 0204 5385611 office@fcmortgages.co.uk

Right To Buy

Buying your council owned home.

To be eligible for the Right to Buy discount scheme you will need to have been a public sector tenant for at least three years; this means your landlord would have to be a council, NHS trust or housing association.

This three years does not have to be in one continuous period or just in the home you want to buy. However, the property has to be your only home and it has to be self contained.

You cannot apply for a Right to Buy discount if any of the following apply:

  • The property is not your main home

  • The property is not self-contained (i.e. you share a kitchen or bathroom)

  • You have an introductory tenancy rather than a secure tenancy

  • There is a court order saying you must leave your home

  • You have an undischarged bankruptcy

  • You are being declared bankrupt

  • You owe money to creditors

Certain properties are also excluded from the Right to Buy scheme, usually if they are reserved for the elderly or for tenants who work in a specific public sector, such as firemen or the police.

However, if you live in an ex-council house that was sold to another landlord, a “Preserved Right to Buy” may still apply.

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Harrogate Office

01423 317002

London Office

0204 5385611

email

office@fcmortgages.co.uk

Your Home (or property) may be repossessed if you do not keep up repayments on your mortgage.

Fiona Conway & Associates LTD Registered office: Queensgate House, 23 North Park Road, Harrogate, North Yorkshire, HG1 5PD Registered in England & Wales No: 11775867.

Fiona Conway & Associates Ltd is an Appointed Representative of The Right Mortgage Ltd, which is authorised and regulated by the Financial Conduct Authority (FRN: 833707) for mortgages, protection insurance and general insurance products.

Some forms of Buy to Let mortgages are not regulated by the FCA.

The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK.

We will charge a fee of up to 1% of the loan amount for our service in relation to mortgage contracts, which is payable upon obtaining the legal mortgage offer. Our typical fee is £395. The precise amount we will charge is dependent on the amount of research and administration that is required. This will be disclosed to you during our initial appointment. This fee is payable on production of your Mortgage Offer and is non-refundable.

Mortgage and Insurance advice from Fiona Conway Mortgages in Harrogate and surrounding areas.