Right to Invest

Right to Invest – in your home, family, and the community

A council tenant shared ownership scheme

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.

As a council tenant, if you meet the eligibility criteria you can purchase your home in full under the government’s 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.

As a result we have developed this scheme which makes owning a part of your home much more affordable. You only need to get a mortgage for the shares you wish to own, not the full value of the property, and you pay the rest as a percentage of your current rent.

Barking and Dagenham is proud to be a working class borough, and we want to help our residents reach their housing aspirations.  We do not want our current residents to be forced out because they cannot afford to stay.

Therefore this scheme is intended to 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.