Right to Buy
If you’re planning to exercise your ‘Right to Buy’ from your local council, our team can provide you with the legal advice and support you need to ensure a successful purchase.
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What is the ‘Right to Buy’ scheme?
The Right to Buy scheme is a government initiative in the UK that allows eligible council and housing association tenants to buy their home at a discount.
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Who is eligible for the ‘Right to Buy’ scheme?
Generally, you can apply for Right to Buy if you’re a secure tenant of a council property or a housing association tenant and you have spent at least three years as a public sector tenant. There are some exceptions and further eligibility criteria that we at Sky Solicitors can help you understand.
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Can Sky Solicitors assist me with the ‘Right to Buy’ process?
Absolutely, we at Sky Solicitors have extensive experience helping clients through the Right to Buy process. We can guide you through each step, ensuring that all paperwork is correctly filled out and submitted on time.
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What costs are involved in the ‘Right to Buy’ process?
Costs involved in the Right to Buy process include our legal fees, valuation fees, Land Registry fees, and potentially Stamp Duty Land Tax, depending on the value of the property. We will provide a clear breakdown of all anticipated costs at the start of the process.
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How long does the ‘Right to Buy’ process take?
The time it takes to complete a Right to Buy transaction can vary depending on various factors, including how quickly the council processes the application. On average, it can take between 3-6 months. At Sky Solicitors, we strive to ensure your transaction is processed as quickly and smoothly as possible.
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Can I sell my property after buying it through ‘Right to Buy’?
Yes, you can sell your property after purchasing it through the Right to Buy scheme. However, if you sell within the first five years, you’ll usually have to repay some or all of the discount. We can provide detailed advice on the implications of selling your property.
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Can Sky Solicitors help with securing a mortgage for a ‘Right to Buy’ property?
While we do not directly provide mortgage services, we can certainly guide you through the legal aspects of securing a mortgage and liaise with your lender during the purchase process.
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What is the maximum discount I can get through ‘Right to Buy’?
The maximum discount available through Right to Buy can vary depending on where in the UK you live and whether you’re buying a flat or a house. We can help you understand the potential discounts available to you.
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What happens if I can’t afford my mortgage payments after buying through ‘Right to Buy’?
If you’re struggling with mortgage payments, it’s crucial to talk to your lender as soon as possible. At Sky Solicitors, we can also provide advice on your options and help you understand the potential legal implications.
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What is ‘Right to Acquire’, and can Sky Solicitors assist with this as well?
Right to Acquire is similar to Right to Buy but is specifically for housing association tenants. Eligible tenants can buy their homes at a smaller discount than offered by Right to Buy. We at Sky Solicitors can certainly assist with Right to Acquire applications and transactions.
DISCLAIMER
The information provided in these FAQs is for general informational purposes only and may not reflect the most current legal standards or interpretations. Laws and regulations regarding leasehold enfranchisement are subject to change, and the specific circumstances of each case can impact its outcome. It is advisable to consult with a professional legal service provider like Sky Solicitors to obtain up-to-date and tailored advice based on your individual situation. Sky Solicitors can assess your case, provide accurate information, and guide you through the leasehold enfranchisement process in accordance with the most current laws and legal provisions.
