Right to Buy Mortgages

Help to make your council house a home you own

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Mortgage Enquiries

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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.

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Infographics

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

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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.

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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

  • Zoe and Sally were both really professional but friendly. They are a credit to your company.
    Iain Pay
  • World class service from Day 1 to completion. Highly recommended. In particular the service from Georgia Hardcastle and Olivia Russell was fantastic -...
    Paul Hennessy
  • Great service from start to finish and good terms too. Hoping the solicitors are as good now completing the process.
    Paul H
  • Great team did everything spotlessly and didn’t have to be chased up
    Dale Sutherland
  • Excellent service and trusted help So efficient
    Mrs Diane Brown
  • Very efficient service from start to finish. Communication was exceptional and was always informed and guided every step of the way
    Michael Newbery
  • 5 Star Service
    John Kleinman
  • They have been so helpful every step of the way they have always been quick to rely to every email I’ve sent them. And help me get a decision in pri...
    Mr Terry Mcdonald
  • Quick and efficient service.
    Nic Phipps
  • Very helpful assistant. Straight swap and terms I was looking for, saved a few quid a month
    Bob hope
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    Neil
  • I have been dealing with Georgia Hardcastle at Mortgage Key, she is so helpful and have explained everything to me. I am a first time buyer and I was ...
    Pedro Amaral
  • Extremely professional service and courteous staff.
    Mr. Michael Rundle-Brown
  • Mortgagekey are an excellent mortgage broker service. Secured a mortgage with a high street lender within 4 weeks from DIP to full offer. Our case was...
    A&C
  • Brilliant service, can’t fault
    Aimi Buchanan
  • My broker Rory was able to get me a mortgage where others had failed.A credit to the company.
    John Wilkinson
  • We recently used Mortgage Key. Everything was straight forward and done quickly, from the initial quote to receiving the mortgage offer we were kept...
    customer
  • A really good service, Quick and efficient, no stress at all. Knowledgeable staff, who were a pleasure to deal with. I would recommend them and defini...
    philippa Wall
  • Very professional and friendly approach. They managed to find a mortgage which matched all our requirements. Great service! Thanks a lot!
    MJ
  • Great service from the beginning of the process.
    Bruno Cabral

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