Right to Buy Mortgage FAQs

What is Right to Buy?

The Right to Buy was introduced in 1980. It means that secure tenants can buy their home at a discount to the full market value. Your discount is based on the number of years you have spent as a public sector tenant.

Who values my home if I want the right to buy it?

Landlords have to do this. If you think your landlord has valued your home too highly, you have a right to an independent valuation from the District Valuer. But you have to accept his valuation, even if it is higher than the landlord's.

Can I apply to buy if I have rent arrears?

Yes. But your landlord is not bound to complete the sale if you have not paid all the rent or any other payment within 4 weeks from the date you were asked to pay it. Also you may lose your secure tenancy and no longer have the Right to buy if your landlord has obtained a suspended possession order against your property, as a result of your rent arrears, which you subsequently breach.

What happens if my landlord delays the sale?

Landlords have to deal with Right to buy applications within certain time limits. If there is a delay because (for example) your landlord hasn't sent you the right form or notice when he is supposed to, you may be able to get the purchase price reduced.

What if I have bad credit?

Even if you have bad credit, a CCJ, an IVA, have declared bankruptcy or defaulted on other financial repayments we can help find the best right to buy mortgage to help you buy the council house you live in.

What right to buy discount will I get?

The longer a tenant has lived at the address, the greater the discount. The right to buy mortgage reflects this.