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.
Answered on
1 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.