Right to Buy Mortgages

Help to make your council house a home you own

£*

Mortgage Enquiries

£*

Mortgages Accepted

A foot on the property ladder without breaking the bank

Many people live in council properties all of their life and would like nothing more than to call it their own. With right to buy mortagages they can, thanks to discounts and possible savings of thousands of pounds.

Speak to our team today.

Why Choose MortgageKey for Right to Buy Mortgages

Free and friendly advice

There are no obligations or fees for consulting our experts

Easy and stress-free

We pride ourselves on taking away the stress and fear of property buying

Huge range of deals

We’ll compare and search through thousands of deals to get you the best offers

Award-winning expertise

We’ve been recognised for our fantastic range of products and great relationships with lenders

Award-winning mortgage and loans experts – ready to help you today

Our team of specialists will guide you through the process of securing a mortgage, buying a home or taking out a loan – finding the very best deals for you and your family.

Mortgage & Loan Guides

Read our experts’ latest advice on a wide range of mortgage options to the tax implications of buying properties to let.

Find out more

Infographics

Making mortgages and loans simpler to understand is our key skill, and our infographics do just that!

Find out more

Hear from our Clients

Don’t just take our word for it, hear from our happy clients who we have helped through the mortgages and loans process.

Find out more

Right to Buy Mortgages – Your Questions Answered

Despite being designed to make it easier for people to get a foot on the property ladder, the Right To Buy scheme can still be confusing given the differing criteria and discount rates.

Seeking advice from a specialist broker like MortgageKey ensures you can access the entire market and find the lender able to offer you the best deal.

Will I qualify for a right to buy mortgage?

Mortgage lenders usually want you to have had a secure council tenancy for at least 12 months and spent at least three years as a public sector tenant with a landlord (the three years don’t have to have been consecutive). It’s also expected that it’s your only home, and that rooms are not shared with other people.

Can family members get right to buy mortgages?

Yes they can, as long as they’re named on the tenancy and have lived in the property for the last year. This means people can technically buy their parent’s home. The husband, wife or civil partner of any armed forces members also have the right to buy, as long as you lived together in armed forces accommodation. This sort of accommodation can contribute to the 3 years as a public sector tenant too. However, if you’re currently occupying armed forces accommodation, you do not have the right to buy.

What discounts can a right to buy mortgage include?

The amount of discount you varies dependent on whether you live in a house or a flat, and on the amount of time you have lived there.

If you live in a house you can get a 35% discount if you have been a tenant for between three and five years. This discount goes up by one per cent for every extra year you have been a tenant, up to a maximum of 70% – or £82,800 across England and £110,500 in London boroughs.

If you live in a flat you get a 50% discount if you’ve been a tenant for between three and five years.

After five years, the discount goes up by two per cent for every extra year you’ve been a tenant, again up to a maximum of 70% – or £82,800 across England and £110,500 in London boroughs (whichever is lower).

For example, someone who has been a tenant for 10 years could buy a £100,000 flat for just £40,000 – using a 60% discount.

Why choose MortgageKey for a right to buy mortgage?

Buying a council home can be a sentimental decision for some, but it always should make financial sense and the process of securing a right to buy mortgage can be overwhelming. It’s important to do your research beforehand, and ready yourself financial scrutiny and a thorough process throughout.

Our industry experts take the time to compare and search through thousands of right to buy mortgage deals from leading providers, so they can present you with the options they believe are right for you and your property.

What our clients are saying

  • I went from not thinking I could get a mortgage, to mortgage approved in 2 weeks, and at a rate I never thought possible! The service provided by Jami...
    customer
  • Very well organised and friendly . Told us upfront what to expect and what it was gonna cost . Very honest with what they tell you . Always keeping yo...
    Oliver Cole
  • I was dealing with Jamie Money for my remortgage enquiry great communication, Kept me informed throughout the process and managed to save me money! wi...
    Michele Clark
  • Would highly recommend they were very helpful and it was a very easy process 👍👍
    Carl Dean
  • Great good quick service thank you
    Dale Bromell
  • The service I received from Matt was first rate. Sorted out a deal in very quick time with no fuss. I would strongly recommend this company.
    Mr Brandon
  • I have recently been dealing with Jamie Melling and it has been nothing but straight forward from the start. He has been very informative, answering a...
    Lauren
  • What a fantastic company this is so helpful and willing to go the extra mile to get things done Jamie money,Meghan,Rebecca and Olivia are amazing I wo...
    Emma Gregory
  • Good service so far.
    CAROLINE HAYNES
  • This was my second property, but same comments as the first one. The chap I was dealing with, Karl, was great and very helpful. We got a good result...
    Jeffrey Peyton-Bruhl
  • We just want to thank Callum for being amazing. We honestly could not have asked for a better mortgage advisor, he put up with us calling all the time...
    Jessica Boyle
  • Callum was excellent highly professional and very approachable, I would definitely recommend the company to anyone that I know Shazad
    shazad
  • kept in touch every step of the way. always responded quick to emails and my questions. kept in the loop constantly on each step of the process. fr...
    Hayley Reay
  • Very easy to deal with, good communication and service. Got me a mortgage with a high street lender when other brokers said they couldn’t.
    Mark Tomlinson
  • Morgage key have communicated with us through out, if they have only just checked to say Hi and if there was anything they could do Whilst waiting fo...
    Heather Twigg
  • Easy to deal with. Quick and efficient. Great customer service. Mortgage to meet my needs and a competitive rate. Also sorted life insurance too. Hig...
    Diane Franklin
  • The second time we have used mortgage key now and we are really happy. It was great to deal with Karl again, he gave us solid advice and we had a laug...
    Daniel Conelly
  • Super fast great comms will use again
    customer
  • Fantastic service. Offer issued within a week.
    Charlotte D
  • Great service, good communication and on the ball! I would recommend to a friend to use MortgageKey, helpful and polite. Thank you!
    Ann-Marie Smith

Trusted by our clients

Ready to talk? Speak to an expert today: 0800 077 8980