If you are a secure tenant of the City of London you
probably have the legal right to buy your home. The right to buy
means that you can buy your home usually for less than on the open
market. This is because you will get a discount calculated
depending on the amount of time you have been a secure tenant. The
current maximum discount in cash terms for the South East region is
£16,000.
The cost of buying your home
Having bought your home, you would normally then be required to
contribute to the upkeep of your estate and maintenance of your
home by way of a service charge. These can sometimes be expensive
but you would usually be given notice of their estimated cost
before you decide to buy your home.
Advice on owning your own home
We have produced a leaflet which contains useful advice for home
owners including information on service charges and communal
repairs.
Download a guide to owning your own home and
service charges (363kb)
Please note that this handbook is currently in the process of
being updated.
Download information on the Right to
Buy (598kb)
Further assistance
For more information on buying your home and its financial
consequences tel 020 7332 3208 or 020 7332 1647 or
email.