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Council shemes PDF Print E-mail
Written by   
Wednesday, 02 February 2005

The UK government has set up schemes to help those who cannot afford getting a mortgage in order to get on the property ladder.

The right to buy:

Started in 1980, it has helped more than one million council tenants to buy their own home.

After 2 years of letting a council home, you have the right to buy it atonce at a discount price of 32% to 70%. Restrictions apply depending on the number of years you were a council tenant and the area you live in.

Note: you can use a ‘rent to mortgage' scheme if you can't afford to buy it at once.

Other options:

The following schemes are available for those who want to acquire low cost homes :

  • Starter home initiative
  • DIY shared ownership
  • Cash incentive scheme
  • Conventional shared ownership
  • Homebuy
  • ‘Right to acquire'

Check with your local council to learn more.


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