Right to Buy (Your Property) - Resources | Banner Jones Solicitors in Sheffield, Chesterfield, Dronfield & Mansfield

The Right to Buy Scheme was first introduced by the Government in 1980, as a way to help council and housing association tenants purchase their first home and get a start on the property ladder.

The scheme allows you to purchase your current home from the council at a significant discount from the value of the property, calculated based on how long you have lived there.

Am I Eligible?

Anyone living in ‘public sector’ housing, from the council, housing association or NHS, is eligible for the Right to Buy scheme after living in the property for three years. To qualify, you cannot own any other properties, or have any bankruptcy charges or creditor agreements placed against you. Your partner or spouse can also apply alongside you as a joint application, provided you have lived in the property together for the last 12 months.

How does the Right to Buy scheme work?

Think the Right to Buy scheme might be a good option for becoming a homeowner? Find out what you need to know about the scheme in our latest guide.

How to Avoid Property Fraud

We know that moving house is often a very busy and stressful time. This may leave you more susceptible to falling victim to property fraud. This guide outlines useful advice on what you can do to help protect yourself.

Thinking of turning your home into an Airbnb?

The restrictions on overseas travel has seen a race for UK holiday accommodation. Where property owners look to make money from ‘staycations’ by offering their homes on sharing platforms such as Airbnb, the ease of letting does not take away the responsibility to understand and keep up with relevant rules and regulations.

The process of buying a house

The conveyancing process can seem overwhelming. At Banner Jones, we believe that our simple and hassle-free approach has helped thousands of people to relocate.

What does the Stamp Duty holiday mean for the property market and you?

Looking back to the start of 2020 the UK housing market looked strong, with Nationwide reporting a 14-month high in property values. A 1.9% increase on the same time the year before, and an average price of £215,897.

Moving home during a lock down - your questions answered

In this article, our residential property expert, Kate Skelton, answers some of the more commonly asked questions about what is and what is not possible during these times; including what to do if you have already exchanged contracts but are unable to move due to the pandemic, and who to speak to if your financial situation changes in the coming months.

What impact will an interest rate rise have on young homebuyers’ mortgage bills?

Recent official figures have revealed that homebuyers are being lent more money by banks than at any time since the global financial crisis a decade ago, with many of the borrowers being young people for whom stepping onto the property ladder is barely affordable. As such, billions of pounds of debt which may prove unsafe is being taken on by them at a time when interest rates are expected to rise.