Right to Buy Mortgages

Right to Buy is a government scheme in England that allows eligible council and housing association tenants to purchase their home at a discounted price. Since its introduction in 1980 under the Housing Act, over two million tenants have used the scheme to become homeowners. To qualify, the property must be your main home and self-contained, meaning you don’t share essential rooms like the kitchen or bathroom with anyone outside your household. You must also be a secure tenant with a legal tenancy agreement and have rented from a public sector landlord for at least three years. Additionally, you must not have any outstanding legal issues related to debt.

If you don’t want to buy alone, you can apply for Right to Buy jointly. This could be with a co-tenant, your spouse or civil partner, or up to three family members who have lived with you for at least the past 12 months, even if they’re not on the tenancy agreement. Applying with others can sometimes improve mortgage affordability, making it easier to secure financing for the purchase.

If you meet the eligibility criteria and are considering applying, it’s important to explore your mortgage options and understand the process fully. At Fennel Financial, we support you throughout the entire process, from reviewing your financial position to finding the right mortgage for your needs. Our guidance ensures you understand your options and move forward with confidence.

Right to Buy is a government scheme in England that gives eligible council and housing association tenants the opportunity to purchase their home at a discounted price. Introduced in 1980, the scheme has helped over two million tenants become homeowners.

If you qualify for Right to Buy, securing the right mortgage is essential to making homeownership a reality. At Fennel Financial, we don’t lend directly, but we help you navigate the options available from lenders across the UK. Whether you’re looking to buy with little or no deposit using the discount as equity or need guidance on affordability and mortgage eligibility, we provide expert advice tailored to your situation.

Right to Buy is also available in a limited form in Northern Ireland. If you’re considering your options, book a consultation with our team to explore the best mortgage deals suited to your needs.