Deadline approaching for council tenants wanting to buy their own home

The clock is ticking for tenants who wish to purchase their homes from the Housing Executive or Housing Associations through the government’s Right to Buy Scheme, originally launched in the 1980s.

With only seven months left to make an application (closing date is 28 August 2022), now is the time for any groups or individuals interested in getting onto the property ladder to contact their landlord or the Housing Executive to confirm whether they and their property are eligible.

How does the scheme work?

Tenants who have rented their house from the Housing Executive or Housing Association for 5 years or more are eligible to apply. Detailed information on eligibility and making an application can be accessed through your Housing Association or by contacting the Housing Executive at

Once eligibility has been confirmed, the market price is determined by an independent valuer before the relevant discount is applied to calculate the purchase price the tenant will pay.

A 20% discount is applied for the first five years the tenant has been living in the property with an additional 2% discount applied for every year after that.

The maximum discount awarded is 60% of the value of the house or £24,000 – whichever is the lower amount. Maximum discounts only apply if you are purchasing 100% of the property.

Why apply for the scheme?

Property prices are once again on the increase making it harder to get that initial foot on the property ladder.  For those who are currently tenants in social housing but wishing to own their own home, this scheme offers a welcome helping hand from the government. You don’t need to put down any deposit and, because you don’t need to purchase 100% of the property, you can decide on what percentage of the discounted house price you can afford to buy.

How can we help?

If your application is successful, you will need to secure a mortgage to buy the property.

Applying for a mortgage can be a daunting process but we can help. With access to over 50 of the UK’s best known lenders offering thousands of mortgages, we can offer some exclusive deals that you won’t find anywhere else. Our advisers spend time getting to know you and your specific circumstances so that we can provide you with the best guidance and advise.

Most importantly, we’ll support you throughout the purchase process. That way, you can be assured that someone will be there to guide you every step of the way.

Call us today on 028 9182 8255 or use or branch finder to find your nearest adviser




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