Right to Buy Mortgages

Help to make your council house a home you own

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Mortgage Enquiries

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Mortgages Accepted

A foot on the property ladder without breaking the bank

Many people live in council properties all of their life and would like nothing more than to call it their own. With right to buy mortagages they can, thanks to discounts and possible savings of thousands of pounds.

Speak to our team today.

Why Choose MortgageKey for Right to Buy Mortgages

Free and friendly advice

There are no obligations or fees for consulting our experts

Easy and stress-free

We pride ourselves on taking away the stress and fear of property buying

Huge range of deals

We’ll compare and search through thousands of deals to get you the best offers

Award-winning expertise

We’ve been recognised for our fantastic range of products and great relationships with lenders

Award-winning mortgage and loans experts – ready to help you today

Our team of specialists will guide you through the process of securing a mortgage, buying a home or taking out a loan – finding the very best deals for you and your family.

Mortgage & Loan Guides

Read our experts’ latest advice on a wide range of mortgage options to the tax implications of buying properties to let.

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Infographics

Making mortgages and loans simpler to understand is our key skill, and our infographics do just that!

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Hear from our Clients

Don’t just take our word for it, hear from our happy clients who we have helped through the mortgages and loans process.

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Right to Buy Mortgages – Your Questions Answered

Despite being designed to make it easier for people to get a foot on the property ladder, the Right To Buy scheme can still be confusing given the differing criteria and discount rates.

Seeking advice from a specialist broker like MortgageKey ensures you can access the entire market and find the lender able to offer you the best deal.

Will I qualify for a right to buy mortgage?

Mortgage lenders usually want you to have had a secure council tenancy for at least 12 months and spent at least three years as a public sector tenant with a landlord (the three years don’t have to have been consecutive). It’s also expected that it’s your only home, and that rooms are not shared with other people.

Can family members get right to buy mortgages?

Yes they can, as long as they’re named on the tenancy and have lived in the property for the last year. This means people can technically buy their parent’s home. The husband, wife or civil partner of any armed forces members also have the right to buy, as long as you lived together in armed forces accommodation. This sort of accommodation can contribute to the 3 years as a public sector tenant too. However, if you’re currently occupying armed forces accommodation, you do not have the right to buy.

What discounts can a right to buy mortgage include?

The amount of discount you varies dependent on whether you live in a house or a flat, and on the amount of time you have lived there.

If you live in a house you can get a 35% discount if you have been a tenant for between three and five years. This discount goes up by one per cent for every extra year you have been a tenant, up to a maximum of 70% – or £82,800 across England and £110,500 in London boroughs.

If you live in a flat you get a 50% discount if you’ve been a tenant for between three and five years.

After five years, the discount goes up by two per cent for every extra year you’ve been a tenant, again up to a maximum of 70% – or £82,800 across England and £110,500 in London boroughs (whichever is lower).

For example, someone who has been a tenant for 10 years could buy a £100,000 flat for just £40,000 – using a 60% discount.

Why choose MortgageKey for a right to buy mortgage?

Buying a council home can be a sentimental decision for some, but it always should make financial sense and the process of securing a right to buy mortgage can be overwhelming. It’s important to do your research beforehand, and ready yourself financial scrutiny and a thorough process throughout.

Our industry experts take the time to compare and search through thousands of right to buy mortgage deals from leading providers, so they can present you with the options they believe are right for you and your property.

What our clients are saying

  • Very pleased all staff very helpful. would use again.
    andrew richards
  • excellent service megan was a delight to deal with
    NEIL S
  • easy and very quick,got a good deal thanks
    Mr Whiting
  • Excellent service..
    Olalere
  • I really cannot fault Mortgagekey at all. From start to finish the staff were helpful and gave good advice, as well as keeping me updated with regard...
    marie baldwin
  • Really great efficient service with great product sourced
    Claire Parker
  • We had difficulty obtaining and mortgage and further difficulty completing our remortgage but Mortgage Key supported us every step of they way. They ...
    Laura-Joy Tallett
  • First class,quick,efficient and friendly.
    Paul Galluccio
  • Lots of communication throughout, very efficient company.
    Billy
  • Mortgagekey were fantastic in helping me and my partner with securing mortgage on our new home. Georgia Hardcastle was superb from professional point ...
    Mr T
  • Very fast efficient service
    David
  • Karl Rayne was excellent, he found me a super deal and kept me up to date at every step of the way. Thanks.
    Nicole Varwell
  • Good communication from Mortgagekey, and so far so good, all seems to be going well. Would have no hesitation in recommending Mortgagekey.
    Wendy Wright
  • Wonderful service. As a first time buyer I would not hesitate to recommend. Thank you !!!
    Michael Spaul
  • As always, this is the second time I have used Mortgagekey. Everything is always seamless. There is no stress. Everything ticks along nicely in the ba...
    Catherine Howard
  • Efficient , great customer service and an easy process.
    Leila
  • Excellent service from the guys at Mortgage Key. Callum was amazing. Georgia and Gareth were awesome too. WELL DONE
    Mr Mohammad Razak
  • Excellent Service.
    K Gill
  • Great staff very helpful, they keep you upto date with everything.
    Mr M Shafqat
  • Absolutely amazing couldn’t have asked for a better mortgage company.
    Amy

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