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Right to Buy Mortgages

If you live in a council owned property, you may have the right to buy it with a discount taken off the purchase price. The discount applied will be according to the number of years you have resided at the property and paid rent. A mortgage can be arranged to help you purchase your property by covering the remaining balance required.


Not all lenders offer Right to Buy mortgages, but with an extensive knowledge of the market we’ll be sure to find the right one for you.

Right to Buy discounts explained

If you have been a tenant of a council house for 3-5 year, a discount of 35% will be applied to the purchase price of the property. The discount will increase by 1% for every year over 5 years to a maximum of 70%, subject to a cap of £87,200 in England or £116,200 for London. 


For 3-5 years tenancy served in a council flat, a discount of 50% will be applied to the purchase price of the property. The discount will increase by 1% for every year over 5 years to a maximum of 70%, subject to a cap of £87,200 in England or £116,200 for London.


For most mortgage lenders this discount will serve as your deposit, although some do ask for an additional contribution of your own. You will need to evidence your awarded discount by supplying a copy of your Section 125 valuation from the council.

Own your property with a Right to Buy mortgage

We’ll search the market to find the best fit for you. Fill out our short form and we’ll be in touch to explore your options.

I cannot praise Mike Newman enough for the superb service he provided in arranging our mortgage. I'd have absolutely no reservations about recommending his services. Thanks, Mike!

M.F & S.F Cardiff

First class service. Mike Newman is extremely good at his job, knows his products that best suit your needs, responds really quickly to your messages, great to speak to on the phone.

J.M Penzance

Mike was amazing! After being let down by my own bank, Mike sorted everything. The whole process went along without any problems at all. He was always on hand if ever I needed to ask anything and he kept in touch with me along the way! Absolute 5* service!

K.P Birmingham

A first rate, professional service. We were very impressed with Mike. He kept us fully informed at each stage of the process, answering our queries and making what some consider a complicated and stressful time absolutely painless.

P.R & S.R Fareham

Outstanding service. Mike was extremely polite, helpful and knowledgeable. Always kept in contact and replied to emails returned calls quick and efficiently. More than happy with the service.

A.P Birchington

We are so pleased that we decided to choose this company for finding a new mortgage. Communication and their patience at answering our queries was excellent. We will not hesitate to use Creative in the future.

G.R & R.R Norfolk

Absolutely excellent, from beginning to end I couldn't fault Mike and Natalie. On time, responsive, proactive and accurate. Also the respect and understanding they demonstrated was unexpected in this world today.

S.O & N.O Lyme Regis

Our Right to Buy mortgage help

At Creative Lending Solutions we will take time to understand how best we can help you and we look forward to assisting you at every stage of the buying process. We will be on hand from the very beginning to answer any questions you have about the buying process and to help explain how a mortgage works, should this be required. 

 

Not only can we help you find the most suitable rate for a Right to Buy mortgage but we can also source the most appropriate lender for the loan amount you require.

 

We will complete the lender’s application form and forward them your supporting documentation. We will respond to the lender’s underwriter with answers to any questions they may have and to offer assurances where they may be required. Once your mortgage offer has been issued, we will remain on hand for any questions you may have and for any action that your solicitor may require from the lender.

More great reasons to get in touch

  • Friendly, professional & convenient
  • Over 20 years’ industry experience
  • We value our customers
  • Same day pre-approvals
  • Full support provided
  • Jargon-free
  • Fast communication
  • Available weekdays until 7pm
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Your home may be repossessed if you do not keep up repayments on your mortgage.