Right to Buy Mortgages

Last updated: 7th April 2026

What Is the Right to Buy Scheme?

The Right to Buy scheme is a government initiative that allows eligible council tenants to purchase their home at a reduced price. The level of discount depends on factors such as how long you have been a tenant and the type of property you live in.

This discount can significantly reduce the cost of buying your home and plays an important role in how your mortgage is structured.

How Do Right to Buy Mortgages Work?

Right to Buy mortgages work slightly differently from standard residential mortgages. In many cases, the discount you receive from the scheme can be used as a deposit, meaning you may not need to provide a traditional cash deposit.

Lenders will assess the discounted purchase price and the property’s market value when determining how much you can borrow. The process typically involves applying for the scheme, receiving your offer, and then arranging a mortgage to complete the purchase.

Who Is Eligible for a Right to Buy Mortgage?

To be eligible for the Right to Buy scheme, you must usually be a council tenant and have lived in a qualifying property for a minimum period. The property must also be your main home.

Eligibility criteria can vary slightly, so it’s important to confirm your position before starting the process.

Do You Need a Deposit for Right to Buy Mortgages?

In many cases, the Right to Buy discount can act as your deposit, which means you may not need to provide additional savings. However, some lenders may still require a contribution depending on your circumstances, credit history or the level of discount available.

Understanding how your discount translates into deposit value is key to structuring your mortgage correctly.

How Much Can You Borrow with a Right to Buy Mortgage?

The amount you can borrow is based on your income, outgoings and overall affordability. Lenders will assess your ability to manage monthly repayments and ensure the mortgage is sustainable.

Even with the Right to Buy discount, affordability remains a key factor in determining how much you can borrow.

What Do Lenders Consider for Right to Buy Mortgages?

When assessing your application, lenders will consider your income, employment status and credit history, as well as the value of the property and the level of discount being applied.

They will also review the property itself to ensure it meets their lending criteria and is suitable security for the mortgage.

Common Challenges with Right to Buy Mortgages

While the scheme offers a great opportunity, there can be challenges along the way. These may include delays in receiving your offer, valuation differences between the council and the lender, or misunderstandings around eligibility and documentation.

Having the right guidance in place can help avoid delays and ensure a smoother process.

Why Use a Mortgage Broker for Right to Buy Mortgages?

Using a mortgage broker can make the Right to Buy process much simpler. A broker can help you understand your eligibility, match you with lenders who are experienced with the scheme and ensure your application is structured correctly.

They can also manage communication between all parties, helping to keep your purchase on track.

Why Choose Future Interests?

Clients choose Future Interests because we provide clear, supportive advice tailored to your situation. We understand the Right to Buy process and take the time to explain each step, ensuring you feel confident throughout.

With experience supporting clients across Kent and nationwide, we are here to help you turn your current home into your own.

Speak to Future Interests About Right to Buy Mortgages

If you’re considering a Right to Buy mortgage, getting expert advice early can help you understand your options and avoid delays. At Future Interests, we’ll guide you through the process and help you secure the most suitable mortgage for your new home.

Contact Future Interests today to discuss your Right to Buy mortgage options with confidence.