1
Submit Your RTB Form
Complete the RTB1 form and submit it to your landlord. The landlord has four weeks to respond if they have been your landlord for three years or more, or eight weeks if less. They will either accept your application or provide valid grounds for refusal.
2
Receive the Offer Notice
Your landlord arranges a formal valuation and sends you the offer notice (RTB2) confirming the purchase price and discount. You have 12 weeks to respond. If you believe the valuation is too high, you can request an independent RICS valuation.
3
Speak To Your Broker
Contact your mortgage broker as soon as you receive the offer notice. Your broker will assess your affordability, identify suitable RTB lenders, and arrange your Agreement in Principle. You should have your mortgage lined up before formally accepting the landlord's offer.
4
Accept and Apply
Return the signed acceptance to your landlord and submit your full mortgage application. Your broker gathers all required documents, including payslips, bank statements, and proof of identity, and submits to the chosen lender on your behalf.
5
Receive Mortgage Offer
The lender processes your application, carries out a valuation, and issues a formal mortgage offer. Specialist RTB lenders typically take two to four weeks from application to offer. Your broker and solicitor review the offer with you before you proceed.
6
Legal Completion
Your solicitor handles the conveyancing, registers the discount repayment condition against the title, and coordinates completion. Funds are transferred on completion day and you receive the keys to your now-owned home.
