Right to Buy
What happens if I decide to sell my property?
Under legislation introduced in January 2005, all properties (freehold and leasehold) now sold under Right to Buy legislation contain a covenant which compels the owner, if the property is offered for sale within ten years of the original purchase, to offer the property back to the Council. This is known as Buy Back. You may also have to repay some of the Right to Buy discount you received when you sell your property.
After ten years have elapsed from the Right to Buy purchase, owners can either offer the property to the Council to purchase or they can sell it on the open market.