I Want to Exercise My "Right to Buy"

Under the Right to Buy scheme, you can buy your home at a price which is lower than the full market value.

This is because the length of time you have spent as a tenant entitles you to a discount.

You probably have the Right to Buy if you are a secure tenant of a "Right to Buy Landlord"

If your secure tenancy existed before 18 January 2005 or you were a public sector tenant before 18 January 2005 ( and you have been a public sector tenant continuously since that time) you do not have the Right to Buy until you have spent at least 2 years as a public sector tenant.

For anyone else, you do not have the "Right to Buy" until you have sent at least 5 years as a public sector tenant.

You will only be able to purchase under the above scheme if your house or flat is your only home and is self contained.

For further information on the Right to Buy scheme please contact your Local Authority. Right to Buy application forms are available free from your Landlord.

Before borrowing money to buy your home take time to consider all the costs involved and the choices available. Compare the loan deals on offer before making up your mind. Get independent information by reading publications such as "How to Buy Your Home" available from the Council of Mortgage Lenders - tel 020 7437 0075.