Shared ownership for council tenants
Right to invest is a tenant shared ownership scheme for council tenants in Barking and Dagenham that allows you to buy a share of your council home. Tenant shared ownership will help you get on to the property ladder by owning a share in your home, which you can increase when you can afford it.
As a council tenant, if you meet the eligibility criteria you can purchase your home in full under the right to buy scheme, but as property prices are increasing many people are struggling to get mortgages to cover the full price of their home.
The scheme will provide an affordable home ownership option for council tenants on low incomes; helping tenants to stay in their family homes, which will also help to create a stable less transient community.
If you invest in this scheme, you will no longer be a council tenant. You will instead be a leaseholder, giving you similar rights and responsibilities as a full owner-occupier. The standard lease term is for 125 years.
Right to invest - Tenant shared ownership brochure (PDF, 1.4 MB)