Mortgage360 Logo

Call Us Today | 0330 122 5022 |

Right to Buy Mortgage Broker

Ready to talk?

CTA Form

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Mortgage360 are here to help you make the right choice.

Here at Mortgage360 we pride ourselves on offering tailored advice, coupled with great service. We are mortgage experts, so you can rest assured that you are in safe hands when searching for your new mortgage, whatever your situation may be.

Key Benefits

We are committed to guiding you through one of life's most significant financial decisions.

When it comes to securing the right mortgage, our expert team is here to ensure that you make informed choices tailored to your unique needs.

We’ll work with you to understand and benefit from the Right to Buy Scheme.
We’ll use our expertise and knowledge to secure the right mortgage to match your needs.
We’ll be with you to take those all-important steps onto the property ladder.

At Mortgage360, we’ve been helping people secure Right to Buy mortgages for many years, supporting families realising their dreams of home ownership.

What is the Right To Buy scheme?

The Housing Act 1980 contained legislation which was designed to help council tenants living in houses owned and managed by local authorities to buy their homes, at a discounted purchase price.

Over the years, this legislation has helped many thousands of people to get onto the property ladder.

If you are a tenant in a public sector property in England, subject to certain conditions, you have the right to buy your council home at a more affordable price than on the open market, from developers or private vendors.

There are similar schemes available for public sector tenants in Wales and Northern Ireland. The conditions and regulations differ slightly from country to country.

A Right to Buy mortgage works just like a standard mortgage, but it is important to ensure you are eligible under the right to buy regulations before you begin the process of securing your mortgage. But if you’ve been a secure tenant in your council or housing association-owned home for a number of years and would like to be the homeowner, then the Right to Buy scheme will work in your favour.

So is home ownership right for you? It will certainly offer you improved financial security, but you need to make sure you can afford the monthly repayments on your Right to Buy mortgage. At Mortgage360, our friendly and knowledgeable mortgage brokers will help to secure your Right to Buy mortgage and guide you in your first step onto the property ladder.

Do I need a deposit for a Right to Buy mortgage?

For most people, one of the key advantages of Right to Buy mortgages is that you usually don’t need to find a deposit. Your Right to Buy discount is accepted by most mortgage lenders in lieu of a deposit because the property is worth more than the loan that they are advancing.

Not all mortgage lenders take this view, however, and some will require a cash deposit. You’ll need to have some savings because you’ll still need to cover the cost of any arrangement fees, as well as legal and survey costs.

Enlisting the help of a mortgage broker with experience in Right to Buy mortgages will smooth the process and ensure you are aware of all the additional expenses which will arise during the course of your Right to Buy journey.

How much is the Right to Buy discount?

If you are eligible for the Right to Buy scheme, then this first step is to request a valuation on your home. The Right to Buy discount you are entitled to will be based on that valuation.

A number of different variables can affect your Right to Buy discount, including the type of property you live in – is it a house or a flat? The length of time you have held your tenancy is also a factor, and where you live in the country can also play a part in defining this.

The government’s Right to Buy discount calculator can help.

As a guideline, if you live in a house, after three years as a tenant you are eligible for a 35% discount. Each additional year as a tenant qualifies you for a further 1% discount, and the maximum allowable discount is 70%.

If your property is a flat, after three years as a tenant you are eligible for a 50% discount. After five years as a tenant, each additional year qualifies you for a further 2% discount, and again the maximum allowable discount is 70%.

There are other factors that can affect your Right to Buy discount. If any of the applicants have already benefited from a Right to Buy discount, then this is deducted from the discount applicable in this instance.

There is also the ‘cost floor rule’ which means that if your social landlord has built the property recently, or has spent a significant amount on repairs and maintenance, the discount will be reduced or even not applied at all, dependent upon the assessed value of the property.

No longer a council tenant? If you live in a property once owned by the council but sold to another organisation, such as a housing association, you may still have a right to buy the home under the Preserved Right to Buy’ regulations.

How long will I have to live in my council property before I can buy it?

That depends on whether your property is a house or a flat. If it’s a house, then you need to have been the tenant for a minimum of five years. If it’s a flat, you can qualify for Right to Buy after three years.

Am I eligible for the Right to Buy Scheme?

There are a number of conditions you have to meet here.

  • Your property must be your main or only residence
  • It must be self-contained, so any property-sharing facilities with other households will not qualify
  • You must have a legal contract with your landlord
  • You must have been renting the property from a public sector landlord for at least three years, although these do not necessarily need to be consecutive

If you qualify for the Right to Buy scheme, you can apply for a Right to Buy mortgage. Remember that you will also need to meet the mortgage lender’s eligibility requirements too!

How do I apply for Right To Buy Scheme?

Don’t be put off by the paperwork, it’s a straightforward and documented process.

  • Fill in an RTB1 form
  • Send this to your public-sector landlord
  • They must respond to your request within four weeks (or eight weeks if you have been a tenant for less than three years)
  • If they refuse, they must explain exactly why
  • If they accept, they will send an offer within eight weeks for freehold properties, or twelve weeks for leasehold properties
  • This offer will detail the valuation of the property, your Right to Buy discount, your purchase price, a detailed description of the property and any land associated with it, advice on any existing structural issues also, if the property is a flat, the service charges associated with ownership
  • You then have twelve weeks to make a decision, based upon this information. If you think the valuation is too high, you can request a separate assessment from a RICS independent valuer
  • After this, specific timeframes apply for landlords to complete subsequent stages of the process.

If your application is refused, you have the right to appeal. You then need to consider your Right to Buy mortgage!

Can I make a joint application?

Absolutely – this can be your spouse or civil partner, or a joint tenant. Your Right to Buy can also be shared with up to three other family members, but they must have lived at the property within the past twelve months.

Selling your Right to Buy property

If you want to sell your Right to Buy property within five years of purchase, you will be required to pay back some or even all of the discount you qualified for.

Additionally, if you sell within ten years, you must give first refusal to your previous landlord (or another social landlord), who has the right to buy it back at the market price. If they refuse, you can then put it on the open market.

So it’s important to really think about how long you want to stay in your home before considering Right to Buy, or if you’re considering the purchase to sell on and release equity. How quickly you can do this, and how much you will benefit, will be governed by these regulations.

Why do I need a specialist Right to Buy mortgage broker?

The Right to Buy scheme has played an important role in helping many people to buy their own homes. At Mortgage360, we have the knowledge and expertise to guide you through the process, helping with your Right to Buy mortgage application and ensuring you get the right mortgage deals to match your needs. If you’re considering exercising your Right to Buy, call Mortgage360 for an informal chat.

Right to Buy Mortgage Broker

Here at Mortgage360, we can provide expert advice on all your mortgage and insurance needs.

Whether you’re ready to get started on your journey now, or you’d just like a no obligation consultation, we’d love to hear from you…

Contact Form - Home Page

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.


There may be a fee for arranging a mortgage. The precise amount will depend upon your circumstances, however we estimate this to be between £200 and £600.


See what our clients are saying....

Zoe Cameron
September 28, 2023

Great service from Mortgage360, following a recommendation from my financial advisor. They efficiently went through our criteria and found the best mortgage to suit our needs. Their comms are great, they kept me fully informed throughout. Thank you Gavin and Matt.

Barnaby Fox
September 14, 2023

Gavin/the team was extremely efficient and communicative through the whole process, resulting in getting a mortgage at a great rate.

Richard Fryer
June 30, 2023

After working with Matt from Mortgage 360 previously on our first mortgage he shows excellent customer service and caters for the needs of the client. Couldn’t be happier working with Mortgage 360 especially in the current climate as the business answers all the questions asked and takes the customers best interests into account.

Samia Umarq
May 15, 2023

Gav arranged my mortgage he was great throughout the process keeping informed, very friendly and knowledgeable highly recommend him.

R Virk
R Virk
May 10, 2023

Excellent service from Gavin Watson

I contacted Gavin Watson, as I was needing to remortgage my property quickly, as my previous fixed arrangement was due to end within weeks. Therefore, there was a sense of urgency on my part. I need not have worried as Gavin was very supportive and professional from the first contact to the completion of the new mortgage arrangement. He took the time to listen and explain all the options I had and guidance on the best option for my particular circumstance. Gavin ensured the remortgage was completed effectively and efficiently, not to mention, well within the timescale. If you are looking for a professional, who has the best interests at heart for his clients, then look no further. I highly recommend Gavin Watson, if you are in the market for a mortgage. Thank you so much Gavin for such an excellent service.

Angela Holder
Angela Holder
May 6, 2023

Great service from Matt for the second…

Great service from Matt for the second time. He was fast to give advice and extremely efficient in obtaining the best possible mortgage. The whole process was smooth and stress free.

Aiden palmer
Aiden palmer
May 4, 2023

Brilliant service!

Brilliant service!! Gavin has helped us so much to get our mortgage and we couldn’t have done it without him. We will definitely use him again in the future. Thankyou so much!

GALE Boyes
April 21, 2023

Absolutely amazing service from Matt can't thank him enough for securing our mortgage for our forever home considering our past credit history. Thankyou again Matt at pulsar. 100% recommend.

Jamie Chan
Jamie Chan
April 4, 2023

Matt continues to provide exceptional…

Matt continues to provide exceptional client services, and is very diligent in searching the market for the best deal. Highly recommended. Thanks, Jamie

Sue Alexander
Sue Alexander
March 16, 2023

I recommend Pulsar to everyone

I would recommend Pulsar to everyone. Gavin has been amazing helping me to buy my council house. As this is my first home purchase and I’m not young!! He made everything easy to understand and made the mortgage mind field easier to navigate, getting me the best deal. I know that ongoing support is there if and when I need it. Thank you Gavin x

David Ian
David Ian
March 3, 2023

Great service, friendly, prompt and professional personal recommendation led us to…

A personal recommendation led us to Pulsar F. S. Matthew Illingsworth was very helpful, prompt and supportive through the process of obtaining a bridging loan to purchase. The documentation explained our options and laid out the process clearly. Would full recommend to others.

Amanda Underhill
Amanda Underhill
February 27, 2023

Remortgage recommendation

Gavin has been absolutely amazing dealing with my remortgage. Professional but personable from the start, he has been able to secure the right mortgage for me and supported me through the process giving impartial advice and a range of options for me to consider. He’s provided timely support, and has been contactable to answer questions as needed - this has been exactly what I needed during a stressful time remortgaging during divorce negotiations. I’d highly recommend Pulsar Financial Services!

Affordability Calculator

Empower your mortgage decisions with ease. Utilise our versatile calculator to discover your borrowing potential and take the next step to secure your ideal home.

Stamp Duty Calculator

Take the guesswork out of your UK property purchase. Use our user-friendly calculator to instantly calculate your stamp duty costs and make informed financial decisions today!

Repayment Calculator

Plan your mortgage payments effortlessly. Access our efficient calculator to calculate your monthly mortgage repayments accurately and stay financially prepared for homeownership.