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Right to Buy lets eligible council tenants purchase their rented home at a significant discount. To qualify, you must be a secure public sector tenant, have rented for at least three years, and be using the property as your main home. Below is a guide to how your mortgage requirement looks depending on the discount received and the purchase price of your property:
The discount you receive through Right to Buy depends on how long you have been a public sector tenant and whether the property is a house or a flat. For houses, the discount starts at 35% after three years and rises by 1% for each additional year, up to a maximum of 70%. For flats, the discount starts at 50% and increases by 2% per year, also capped at 70%. In both cases, the discount cannot exceed £102,400 across England (or £136,400 in London). Your adviser will confirm your exact entitlement and calculate the mortgage needed to cover the remaining purchase price.
Important: The Right to Buy discount reduces your purchase price, but you will still need a mortgage to cover the remaining balance. Not all mainstream lenders accept Right to Buy applications, and affordability is assessed in different ways. Our advisers work with specialist RTB lenders who can lend against the discounted purchase price from day one.
What Happens to the Discount if You Sell Early? If you sell within five years of completing your Right to Buy purchase, you will need to repay part of the discount. The repayment reduces by 20% for each full year you have owned the property, so after five years there is nothing to repay. Your solicitor will register this condition against the title as part of the conveyancing process.
Purchasing through Right to Buy involves several upfront costs in addition to your mortgage. These are the main expenses to factor into your budget before you apply:
Your Responsibilities as an Owner Once you complete your Right to Buy purchase, you become fully responsible for all maintenance and repair costs. For flat purchases, you will also be liable for service charges and major works contributions set by the freeholder. It is important to budget for these before you commit:
Our advisers specialise in Right to Buy mortgages and have access to lenders across the whole of market, including specialists who handle RTB applications regularly. We will confirm your discount entitlement, source the right mortgage product, and guide you through every step of the process.
