Restrictions of the right to invest scheme:

  • you can only buy shares up to a maximum of 70%
  • the lease on your property is for 125 years and you will lose your right to buy, although you can still benefit from the discount you are entitled to
  • as a leaseholder on this scheme you are not allowed to sub-let your home and you will be responsible for maintaining the property and carrying out repairs
  • there are some council properties that are exempt from the scheme, such as sheltered accommodation and bungalows
  • 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 125 years
  • your home is at risk if you do not keep up repayments on both your mortgage and your rent