The Process of buying your council home

1. Find out whether you qualify

You will need to contact the council/housing association to confirm that you are eligible to apply to buy your home from them. This will usually be granted if you have been a local authority tenant for a minimum of 5 years. If you’re unsure whether you qualify, complete the enquiry form on the right and one of our advisors will be in touch to discuss your options.

2. Discover how much discount you will receive, which could be as much as 44%

If the council confirms that you are eligible for the 'Right to Buy' they will then send you the RTB1 application form to be completed. The questions on the form will be used to calculate the discount you will receive from the value of your Property. The maximum discount you can receive will probably be 32% if your property is a house or 44% if your property is a flat/maisonette.

3. Arrange a valuation

The next stage will be for the council to send you a RTB2 form, this will confirm whether or not your application has been approved. This should be sent to yourselves within 4 weeks of the council receiving your RTB1 form (this may take slightly longer if you have lived at different addresses during the last 2 years). As soon as you receive this, please call your dedicated mortgage adviser urgently on 0161 672 7575. The council/housing association will then arrange for a valuation to be carried out on your property. This is paid for by the council/housing association.

4. Receive your Offer

The council/housing association should send you their offer, known as the Section 125 notice, within approximately 8 weeks of the RTB2 form being sent to yourselves. The section 125 offer notice will include the property valuation, the discount you will receive along with the purchase price to yourselves.

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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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Ocean Mortgages arranges mortgages and re-mortgages from a panel of lenders. Ocean Mortgages will receive a commission from the lender upon completion. Ocean Mortgages charge a broker fee of between £495 to £1995 for advising and arranging a mortgage. This fee is only payable upon completion, is non-refundable and dependent on the product taken. Mortgages available subject to status. The actual rate available will depend upon your circumstances. Ask for a personalised illustration.