The Tenant Purchase Scheme is open to eligible tenants, including joint tenants, of local authority houses that are available for sale under the scheme.
Among other things, eligible tenants must meet a minimum income requirement to qualify under the scheme. This requirement has a dual purpose. It ensures the scheme is sustainable, and the tenant purchasing the house has the financial means to maintain and insure the property for the duration of the charged period. Subject to meeting this requirement, monies for the purchase of a house may come from several sources, including savings, a mortgage provided by a financial institution, or a local authority house purchase loan.