How much will I have to pay to buy my home?
If you buy your home under the Right to Buy, Preserved Right to Buy or Right to Acquire schemes, you'll receive a discount on the value of your home. The exact discount you receive to buy your home will depend on your circumstances, such as how the number of years you have been a tenant. Contact us to find out if you’re eligible to buy your home, and how much it may cost you.
If you decide to buy your home, there will be also other costs involved alongside the cost of your property:
- A solicitor or licensed conveyancer
- Fee for the mortgage being arranged
- The Land Registry fee
- Stamp duty - From 4 December 2014, you'll pay: nothing on the first £125,000 of the property price, 2% on the next £125,000, and 5% on the next £675,000.
If during the buying process you decide that you don't want to go ahead with buying your home, you'll have to pay any costs that have been run up so far.
Once you have bought your home, you'll become responsible for all the costs of maintaining your home, including major repairs, routine repairs and improvements.