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COUNCIL RIGHT TO BUY: Your Right to Buy your home

Council Right to Buy: Step 8 - Telling your landlord what you want to do next

You will see that you have a lot of choices at this stage. The information contained in your Section 125 notice may not be straightforward and easy to understand. You will now have to decide if you want to:

  • buy your home outright for the full Right to Buy price, less any discount for which you are eligible;
  • apply to buy on rent to mortgage terms (read the separate booklet on this, and remember that this scheme will not be available after 17 July 2005);
  • forget about buying, withdraw your application, and carry on paying rent.

    When you have decided, you must tell your landlord in writing.

    You must let him know your decision within 12 weeks of receiving your Section 125 notice. If you have asked to have your house valued by the District Valuer, you must tell your landlord what you want to do within 12 weeks of getting that valuation.

    If you do not let your landlord know what you intend to do in time, the landlord will send you a reminder. If you do not reply within 28 days, your landlord will think you don't want to buy, and your application will not be dealt with any further.

    If for any reason you are not able to decide within the time limit what you want to do, you can ask the landlord to wait a bit longer for your reply. If you are unable to decide for a good reason (for example, if you were in hospital and you could not return the form in time), you should tell your landlord and your time limit will then be extended automatically.

    You don't have to buy your home just because you have told your landlord you want to. You can still change your mind. But if you do not tell your landlord what you want to do, your landlord will think you don't want to buy, and you will have to start again. If the value of your home has gone up in the meantime, then you will have to pay the higher price.

    Click here for council right to buy full list of pages ------ Next page   Right to buy council home

    © Crown Copyright (Correct at time of writing January 2005. Please check with your financial services provider for any changes.)

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    PLEASE TRY TO FILL IN AS MANY FIELDS AS POSSIBLE THANK YOU.

    Mortgage term required (years):

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    Council valuation of property:

    What is the discounted right to buy price: (if you know)

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    Please note it is not always possible to process enquiries based solely on the information contained in this form. Each case is unique and it may be necessary to speak to you to be able to assess your own particular circumstances to help find the most appropriate course of action. Please supply at least one phone number.

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    • © Council Right to Buy UK is an independent marketing website and not a lender or broker. We do not sell or recommend mortgages or broker services. We pass on enquiries to financial service providers and cannot offer advice. Council Right to Buy UK is not responsible or liable for any financial service or mortgage obtained through a 3rd party. A council right to buy mortgage enquiry from this website does not constitute an offer to provide a mortgage. Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.
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