Margaret Thatcher introduced the right for Council tenants to buy their Council properties at a discounted rate and successive governments have not sought to repeal the right. In fact the legislation has been changed/improved and the amount of the discount significantly increased. The right to buy is a good way for tenants to be able to get on to the property ladder but it is not without condition. Buyers are obliged to repay part of the discount if they sell within a certain period and buyers may also have to offer their properties back to the Council upon resale.
At Right Conveyancing we are more than familiar with the right to buy process including examining the often forgotten s125 notice that accompanies the same.