Right To Buy

Thinking of buying your council house? And why not, many other people are doing it! With property becoming more and more popular as a long term investment there has never been a better time to buy your council house. As you are probably aware property prices have risen dramatically in recent years. When you consider the discounts offered to existing tenants buying the home they already live in could be one of the soundest investments you could hope to make.

For information on buying your council house and to find a suitable mortgage feel free to give us a call. Our decision not to charge a brokers fee means arranging a mortgage may be cheaper than you think.

We do not charge a fee for mortgage advice. However, we do offer a purely fee based option of up to 1.5% of the mortgage amount.

10 tips on buying your council house

1. Speak to a qualified mortgage advisor at CMS UK before you do anything, they will advise you on your next move and will advise you on financing your purchase.
2. Find someone who has already bought their council house, preferably someone under the same local authority, they will prove to be a wealth of knowledge.
3. Contact your local council and set the wheels in motion, they should send out a form which should be completed and returned.
4. The discount you will receive depends on the number of years you have been a tenant, timing is important, make sure you don’t buy your house just before you are due to jump into the next bracket, losing that potential discount.
5. If the council are carrying out work in your area, it may be worth while holding off your purchase.
6. Normally you are required to wait three years before you can re-sell your council house.
7. The discount you receive is based on your time as tenant with the council, not how long you have lived in your current house. If you have had more than one council house they will add the total time together to determine your discount.
8. Do your sums as early as possible, you will save on rent but you will have a mortgage to pay.
9. You can usually borrow over and above the money required to buy the house from the council for home improvements.
10. Your current house might be in the perfect location but is too small, if this is the case consider extending as many people do.