Right to buy mortgages

At Bowen Mortgages, we can support your right to buy journey, here are some key points we can support with.

  • Buy at 100% loan to value with no deposit needed.
  • We can source right to buy mortgages even if you have a poor credit history. 
  • support and guidance throughout the buying journey. 

Right to Buy Mortgages in the UK

What is Right to Buy?

The Right to Buy scheme allows eligible council and housing association tenants in England to purchase their home at a discounted price. Originally introduced in the 1980s, the scheme helps people transition from renting to home ownership, with discounts of up to £96,000 (or £127,900 in London) depending on how long you’ve lived in the property.

Who Is Eligible?

To qualify for the Right to Buy scheme, you must:

  • Be a council tenant or a housing association tenant with a secure tenancy

  • Have lived in the property for at least 3 years (not necessarily continuously)

  • Use the property as your main home

  • Have no serious legal issues with debt or bankruptcy

Some housing types (e.g. sheltered housing or properties adapted for disabled residents) may be excluded from the scheme.

How Right to Buy Mortgages Work

Although the property is discounted, most buyers still need a mortgage to cover the remaining cost. A Right to Buy mortgage works like any standard mortgage but is tailored to the specific needs of the scheme.

Key features:

  • You can use your Right to Buy discount as part of your deposit

  • Some lenders offer exclusive Right to Buy products

  • You’ll still need to pass affordability and credit checks

Advantages of Right to Buy Mortgages

  • Low deposit requirement: Your discount can count toward your deposit

  • Path to ownership: A stepping stone from renting to owning

  • Control over your home: Renovate, extend, or sell (after the initial period)

Things to Consider

  • Resale restrictions: If you sell within 5 years, you may have to repay some or all of the discount

  • Responsibility: As a homeowner, you’ll be responsible for all maintenance, repairs, and mortgage repayments

  • Affordability: Make sure you understand the long-term costs of owning a home, including interest rates and insurance

How to Apply

  1. Check your eligibility with your local council

  2. Complete the Right to Buy application (RTB1 form)

  3. Get a mortgage in principle to understand what you can afford

  4. Speak to a mortgage advisor for personalised support and access to specialist lenders

Need Help With Your Right to Buy Mortgage?

We specialise in helping tenants navigate the Right to Buy process from start to finish. Whether you’re just starting out or ready to apply, our advisors can support you every step of the way.

📞 Get in Touch

Call us today or use our quick enquiry form to speak to a Right to Buy mortgage specialist.

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