Right to Buy: Can landlords make an offer on properties part of the scheme?

The government’s Right to Buy scheme was introduced in the 1980s to give council tenants the opportunity to purchase their homes at a discounted price. Since then, the scheme has helped thousands of people become homeowners. However, as a landlord, you may be wondering if you can take advantage of the scheme and make an offer on a property that is part of it. In this article, we will explore whether landlords can participate in the Right to Buy scheme and what the process entails.

Can landlords make offers on properties that are part of the Right to Buy scheme?

The short answer is no. The Right to Buy scheme is only available to tenants who have lived in their council house for at least three years. Landlords, therefore, do not qualify for the scheme as they are not tenants of the property.

However, there are some exceptions to this rule. If a landlord was previously a tenant of the property and meets the eligibility criteria, they may be able to make an offer on the property. Additionally, if a landlord’s spouse or family member has lived in the property for three years or more, they may also be eligible for the scheme.

If you are a landlord interested in purchasing a property through the Right to Buy scheme, it is recommended that you seek legal advice to determine your eligibility.

Free Landlord Resources

Free Instant Valuation

See how much your property could get in rent.

Fee Saving Calculator

See how much you could save on property fees.

Yield calculator

Calculate your rental yield with our simple tool

Compliance checklist

Make sure your buy-to-let property remains legal.

Compliance Guide

Download your complete landlord compliance guide 

Making an Offer Through the Right to Buy Scheme

For those who are eligible, the process of making an offer through the Right to Buy scheme is relatively straightforward. Tenants can apply for the scheme online or by completing a paper application form. Once the application has been received, the local council will verify the tenant’s eligibility and send them an offer letter. The offer letter will include the property’s valuation and the discount that the tenant is entitled to.

If the tenant decides to accept the offer, they will need to arrange financing and legal representation. The purchase must be completed within a set timeframe, typically 12 weeks.

If the tenant decides not to accept the offer, the property may be offered to the next eligible applicant, including any family members or former tenants who meet the eligibility criteria.

Frequently Asked Questions

1. Can a landlord purchase a property through the Right to Buy scheme if their tenant is eligible?

No, the Right to Buy scheme is only available to tenants who have lived in the property for at least three years.

2. Can a landlord purchase a property through the Right to Buy scheme if they were previously a tenant of the property?

Yes, if a landlord was previously a tenant of the property and meets the eligibility criteria, they may be able to make an offer on the property.

3. How long does it take to complete the purchase through the Right to Buy scheme?

The purchase must be completed within a set timeframe, typically 12 weeks.

Conclusion

While landlords cannot make an offer on a property through the Right to Buy scheme, there are some exceptions. If a landlord was previously a tenant of the property or has a family member who meets the eligibility criteria, they may be able to participate in the scheme. If you are a landlord interested in the scheme, it is recommended that you seek legal advice to determine your eligibility.

Free Landlord Resources

Free Instant Valuation

See how much your property could get in rent.

Fee Saving Calculator

See how much you could save on property fees.

Yield calculator

Calculate your rental yield with our simple tool

Compliance checklist

Make sure your buy-to-let property remains legal.

Compliance Guide

Download your complete landlord compliance guide 

Meet Sam your local Expert

Sam has a wealth of experience across the private landlord and Build to Rent sectors. He has advised a wide range of clients across the whole of London on how to find great tenants, improve their assets and effectively market their properties for the best returns.

Our Trusted Partners

As Featured on