Right to Buy Mortgages
If you're a council tenant, you could buy your home at a significant discount through the Right to Buy scheme.
The best part? You often don't need a cash deposit — most lenders will accept your council discount as your deposit instead.
Book a Fee-Free ConsultationYour home may be repossessed if you do not keep up repayments on your mortgage.
How It Works
- You apply to your council for the 'Right to Buy'
- They value your home and offer you a discount (up to £102,400 outside London)
- You apply for a mortgage for the remaining amount
- Most lenders accept the discount as your deposit, so you don't need to save up cash
Example: Your home is valued at £150,000. You get a 35% discount (£52,500). The purchase price is £97,500. You get a mortgage for £97,500, using the £52,500 discount as your deposit.
Are You Eligible?
You typically qualify for Right to Buy if:
- It's your only or main home
- It's self-contained
- You're a secure tenant
- You've had a public sector landlord (e.g., council, housing association) for 3 years (it doesn't have to be 3 years in a row)
Additional Costs to Consider
While you might not need a deposit, owning a home comes with other costs you didn't pay as a tenant:
- Repairs & Maintenance: You are now responsible for fixing the boiler, roof, windows, etc.
- Service Charges: If you buy a flat or maisonette, you'll pay service charges to the council for building maintenance.
- Buildings Insurance: You must insure the property (unless it's a leasehold flat where the council insures the building).
Frequently Asked Questions
Start Your Application
Buying your council house is a big step. I can help you check your eligibility, find a lender, and guide you through the whole process.
Book a Fee-Free Consultation