remortgage calculation

Who qualifies for right to buy?

In order to qualify for the right to buy you simply need to have been a public sector tenant for three to five years. Importantly, you do not have to have been living in the same property for this whole period, nor does the period have to be continuous. So long as you have accrued the right number of years in public sector housing throughout your life, you will be eligible.

If you live in a council house (rather than a flat) and have done for three to five years, then you’ll get a 35% discount under the right to buy. This discount will go up by 1% each year until the maximum discounts mentioned above are met.

If you live in a flat, you’ll get a 50% discount if you’ve lived there for three to five years and then the discount will increase by 2% each year after that.

Call us today on 020 3002 0933 to find out more.

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Copyright Finance 4 Homes Limited 2018

Finance 4 Homes Limited is an Appointed Representative of Beneficial Life (London) Limited, which is authorised and regulated by the Financial Conduct Authority.
You may be charged a fee for mortgage advice which could be up to 2% of the loan. The precise amount will depend on your circumstances but we estimate it to be 0.75% of the loan amount.
Registered in England and Wales no.11215166. Registered office: Spectrum House, 2b Suttons Lane, Hornchurch, Essex RM12 6RJ
The information on this website is intended for guidance purposes only and does not constitute advice. Furthermore, the information on this website related to the UK market for consumers living in the UK only.

Special Note: Most Buy to Let mortgages are not regulated by the Financial Conduct Authority

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