Right to Buy:
If you are a tenant in a council house or housing association in England, Right to Buy is another way of buying a property. The scheme offers applicants, who have lived in the property for at least three years, a discount of up to £127,940 (£96,010 outside London) to help them make the move towards homeownership.
Note that Wales and Scotland no longer offer this scheme.**
Rent to Buy:
The English Rent to Buy scheme helps tenants save for a deposit to buy a property by offering them a discounted rental price. London has its own version of this, called London Living Rent, which works in a similar fashion.
Rent to Buy is not available in Scotland, and the Welsh Rent to Own scheme is now closed to new applicants.
Auctions:
Buying a property through an auction is often a faster and chain-free alternative to buying on the open market. It’s accessible to every type of property, every type of buyer and every type of seller.
One type of auction is the Modern Method of Auction, which combines the speed and certainty of a traditional auction sale, with the marketing expertise of an expert local estate agent. And, with a 95% completion rate, the Modern Method of Auction is an excellent option to consider.^ Find out more about it, here.