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when can i sell my council house

if i buy my council home how long do i have to live in the property?
also when can i sell this?
is it possible to sell right away or is there a charge?

please help im new to this:beer:

Comments

  • CIS
    CIS Posts: 12,260 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    • tenants who agree to sell their home to a third party during the discount
    repayment period must repay some or all of their discount as if they had
    actually sold their home at the time of the agreement (see pages 5 and 10);

    The discount period is currently 5 years,

    • owners who wish to resell their home within 10 years of it having been sold
    under the Right to Buy must first offer it at market value to their former
    landlord or to another body prescribed by the Secretary of State (see page 11);
    I no longer work in Council Tax Recovery but instead work as a specialist Council Tax paralegal assisting landlords and Council Tax payers with council tax disputes and valuation tribunals. My views are my own reading of the law and you should always check with the local authority in question.
  • googler
    googler Posts: 16,103 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Does this vary by council area? I always thought the period was 3 years ...?
  • anguk
    anguk Posts: 3,412 Forumite
    googler wrote: »
    Does this vary by council area? I always thought the period was 3 years ...?
    If you applied for Right To Buy before January 2005 the discount period is 3 years, if you applied after January 2005 it's 5 years.
    Dum Spiro Spero
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