What Happens If I want to Sell My Home?
You may sell your home, or make an agreement to sell your home, however you must repay all or some of the discount given to you depending on how long you have owned your home.
If you applied to buy your home before 18/01/05 you will have to repay a percentage or all of the discount, on a sliding scale, if you sell within three years of purchase.
If you applied to buy your home after 18/01/05 you will have to repay all or some of the discount at a percentage of the market value of the property less the value of any improvements made, if you sell within five years of purchase.
Owners who purchase after 18/01/05 and wish to resell their home within 10 years of having purchased it under the Right to Buy scheme must first offer it at market value to the Council as their former landlord or to another body prescribed by the Secretary of State.
If you have any further queries on the Right to Buy scheme please contact 01325 388542.