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Right to Buy

Ailes Mortgage Solutions will take the complications out of the process. You will be surprised by how easy your life becomes once you come to Ailes Mortgage Solutions, contact us to find out how Ailes Mortgages can help you reach your goal.

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A mortgage is a loan secured against your home. Your home may be repossessed if you do not keep up payments on your mortgage.

Buying a home is the largest purchase you’re likely to make. Before you arrange your mortgage, make sure you know what you can afford to borrow. Get in touch with us to find out where to get a mortgage, the different types and how the process works.

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If you are a council house or housing association tenant, you might be able to buy your home for less than its market rate. Here’s some information on the Right to Buy scheme and how to apply for it.

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How much will my discount be?

 

The maximum right to buy discount is:

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70% of the value of your property
the maximum discount for your region
Region  Maximum discount        Exceptions
North East      £22,000 Not applicable
North West      £26,000 Not applicable
Yorkshire and the Humber        £24,000 Not applicable
East Midlands   £24,000 Not applicable
West Midlands   £26,000 Not applicable
Eastern £34,000 £16,000 in the district of Watford
South East      £38,000 £16,000 in the areas of Reading Borough and West Berkshire, Hart District, Oxford and Vale of the White Horse District, the boroughs of Tonbridge and Malling, Epsom and Ewell, and Reigate and Banstead
South West      £30,000 Not applicable
London  £16,000 £38,000 in the boroughs of Barking and Dagenham and Havering
If you applied to buy your home before 21 November 2024
The maximum discount you can get is whichever of the following is lower:

70% of the value of your property
£136,400 if your home is in a London borough
£102,400 if your home is outside London
If your landlord has spent money on your home
Your discount will be less if your landlord has spent money building or maintaining your home:

In the last 10 years - if your landlord built or acquired your home before 2 April 2012
In the last 15 years - if you’re buying your home through Preserved Right to Buy, or if your landlord acquired your home after 2 April 2012

 

You will not get any discount if your landlord has spent more money than your home is now worth.

 

Ailes Mortgage Solutions will take the complications out of the process. You will be surprised by how easy your life becomes once you come to Ailes Mortgage Solutions, Contact us to find out how Ailes Mortgages can help you reach your goal.

Get in touch

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For further information on how your information is used, including disclosure to third parties, how we maintain security of your information and your rights in relation to the information we hold about you, please see our  Privacy Policy.

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