News1 min ago
Right to Buy
Hello,
I am considering giving up my council flat with the view of buying in another borough. Will I get some money from the council which I could use towards my deposit?
I am considering giving up my council flat with the view of buying in another borough. Will I get some money from the council which I could use towards my deposit?
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For more on marking an answer as the "Best Answer", please visit our FAQ.This Q is not as preposterous as it might first seem. A few years ago tenants in London with an Irish background were offered a deal. If they surrendered the tenancy of their London flat, the Council would buy them a house in Ireland.
Get in contact with the Housing Dept of your local council. Ask what they'd pay you to surrender your tenancy.
Get in contact with the Housing Dept of your local council. Ask what they'd pay you to surrender your tenancy.
I believe that if you were to move into the other council flat as a tenant (maybe via an exchange) then after 12 months you would have the right to buy that flat, and you would be eligible for a discount based on the number of years you have been a council tenant (including the years you have occupied your current flat) at least, this used to be the case where I live - you will need to check your council's current policy.