Berks & Bucks Finance
Selling your right to buy home
- All types of mortgages
- All types of people
- All types of property
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📢 Rules, repayments, and restrictions when selling your Right to Buy property
If you sell your home within 10 years of buying it through Right to Buy, you must first offer it back to:
Your old landlord, or
Another social landlord in the area
The property must be sold at the full market value, agreed between you and the landlord.
If you cannot agree on a price, a district valuer will determine your home’s value. You will not have to pay for this valuation.
If your landlord does not agree to buy the property within 8 weeks, you’re free to sell it on the open market.
💷 Paying Back Your Right to Buy Discount
If you sell your Right to Buy home within 5 years of purchase, you may have to repay some or all of the discount you received:
100% of the discount if you sell in the first year
80% in the second year
60% in the third year
40% in the fourth year
20% in the fifth year
The repayment is based on the property’s value at the time you sell, not when you bought it.
Example:
You bought a home worth £100,000 with a 40% discount (£40,000).
You sold it 18 months later for £120,000.
40% of £120,000 = £48,000
80% of that (because you sold in the second year) = £38,400 to repay.
✅ You may not need to repay the discount if you transfer ownership to a family member — but you must agree this with your landlord and arrange it legally through a solicitor.
🌳 Rural Right to Buy Homes
If your home is in a:
National Park
Area of Outstanding Natural Beauty
Government-designated rural area
your former landlord may limit who you can sell the property to. For example, you may only be allowed to sell to someone who has lived or worked in the area for 3+ years.
⚠️ This restriction may affect your ability to get a mortgage to buy such a property.
Your landlord will confirm if this applies when you first apply for Right to Buy.
📍 Need Advice on Selling a Right to Buy Home?
Selling a Right to Buy property comes with specific rules and potential costs.
At Berks & Bucks Finance, we’ll help you understand the financial impact, plan ahead, and make confident decisions.
⚠️ Your home may be repossessed if you do not keep up repayments on your mortgage.
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You don’t need all the answers yet. We can talk through your situation, your plans, and what’s realistically possible before making any decisions.