The Right to Buy

The Right to Buy is a policy that allows secure tenants of council or public housing to purchase their home at a discounted price, often based on how long they've lived there. This gives long-term tenants the opportunity to own their home outright, providing greater security and potential financial benefits. The discount varies depending on factors like the length of tenancy and property type. While it promotes homeownership, it can also reduce the availability of affordable rental properties in the community. The scheme aims to balance individual ownership rights with broader housing needs.