Can I buy the property that I currently rent or a property owned by a family member with a shared equity loan?
Yes, if you are a private tenant or are living with friends/ family. The value of the property must be approved by a qualified surveyor from the Royal Institute of Chartered Surveyors (RICS). No, if you are a council or Housing Association tenant. You can however buy the property through other schemes such as Right to Buy (for council tenants) and Right to Acquire (for Housing Association tenants). Housing Association tenants can also buy a share in their home and pay rent on the remainder of the share. This is called Social HomeBuy.
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