Right to Buy Scheme
(asked on 24th November 2022) - View Source
Question to the Department for Levelling Up, Housing & Communities:
To ask the Secretary of State for Levelling Up, Housing and Communities, whether his Department plans to roll out a takaful-based funding structure for mortgages for right to buy tenants.
This question was answered on 1st December 2022
The legislation governing the Right to Buy scheme requires direct transfer of ownership from the seller to the buyer (the tenant). Any transfer made to a third party is not compatible with the scheme, including Islamic mortgages that operate on this basis.