Are you a council tenant, or were you living in your home when the council transferred it to another landlord?
If yes, now might be the perfect time to think about buying your council home.
That’s because the top discount under the Right to Buy Scheme in England has been increased. You could now get a maximum discount of up to £75,000, or £100,000 if you live in a London Borough.
Why you might like to buy
Buying your home could provide an investment for the future, and be a useful asset for you and your family for years to come. Ownership provides a special sense of pride, and would give you more freedom to make the changes you’d like to your home. And the money raised through extra sales is now going straight towards building new affordable homes for rent.
Remember, buying your home is a big decision and a commitment that shouldn’t be taken lightly, so you should always get impartial financial and legal advice before deciding whether buying is right for you.
But with a bigger discount of up to £75,000 (£100,000 in London) now available, this could be a good time to see if it’s the right choice for you.
If you have specific questions about the increase to the London discount mentioned in the recent Budget, take a look at our 2013 Budget Right to Buy Questions & Answers.