Care Financials

Right to Buy Mortgages

Right to Buy Mortgage Advice

Are you a tenant at a council home and are thinking of buying that house you live in? We at Care Financial Services can help you locate the best right-to-buy deals attainable in the property market.

Our expert mortgage advisors compare every mortgage deal that you qualify for and will support you from the beginning to the end.Our experts will be on standby 24/7 to deal with any issues or queries you may have along the way.

Care Financial Services can also assist with right-to-buy deals that you may not be equipped for or that are not vacant for you by getting in touch with the lender directly. A right-to-buy scheme is a commonwealth scheme by the government formulated to assist tenants in buying the estate they have rented out at a discounted price.

You can get in touch with any of our expert mortgage advisors at Care Financial Services, and we can help you find out which deals you qualify for.

NOTE: We work, as introducer, with a number of reputed, well established mortgage brokers to offer mortgage services at the best possible rates who will assist you in finding the ideal home and securing the right mortgage by utilizing their in-depth expertise in estate agency mortgage services.

More About Right to Buy Mortgages

You need to know all the details about the Right to Buy scheme in advance as it makes the process much more accessible and straightforward. So we have briefly outlined some details about the Right to Buy process, the agreements and the repayment plan.

The Right to Buy Procedure

If you have decided to opt for the right-to-buy scheme, the first thing you need to do is find out if you are eligible for the project or not. After which you must: 

  • Fill in the RTB1 notice ( right-to-buy application form) and get it delivered to your landlord.
  • Your landlord must give you an answer within four weeks of your application or eight weeks if you have been living on the property for less than three years. 
  • If your landlord is willing to sell you their estate, then they will send you an offer letter which should be completed in the time frame of eight weeks if it is a freehold estate or twelve weeks if it is a leasehold estate. 

After this, you will have up to twelve weeks to decide. If you choose to accept the offer of your landlord, then you will need to find the right mortgage that suits your circumstances the best. 

This scheme is around forty years old, and presently, it is only for council home tenants and some institute tenants. This scheme has been terminated in Scotland and Wales but is still running in England and Northern Ireland. 

The right-to-buy scheme is an excellent gateway for people looking to get on the property ladder. The best about the scheme is that you won’t need a hefty deposit as many lenders assess the discount as the deposit. 

However, not all mortgage advisors offer this scheme which means your choice of lenders may be limited. Care Financial Services can help you find some of the best lenders in town and find you some of the most exclusive deals available to secure the keys to your home. 

Getting the Perfect Deal for Your Right to Buy Mortgage

Here at Care Financial Services, we make it our responsibility to help you get your hands on some of the best deals available in the market for right-to-buy mortgages. 

Our expert mortgage advisors will provide you with the most open and honest advice regarding right-to-buy mortgages and help you understand whether or not this is the right mortgage for you. 

There are hundreds of lenders; some might give you the same deals as everyone else, and some may deliver exclusively designed right-to-buy sales. 

Get in touch with us at Care Financial Services today to see all the different options and get your hands on the most promising bargain that best suits your circumstances.

The Repayment Plan for a Right to Buy Mortgage

The repayment for a right-to-buy mortgage is the same as any standard mortgage. A monthly payment will be made against the borrowed amount for the time frame of your mortgage. When your mortgage term ends, you will automatically be switched to your mortgage lender’s SVR (standard variable rate).
 If you want to avoid the SVR as it can make your monthly payments increase, then you can leave your mortgage early. However, you may need to pay a penalty cost known as the early repayment charge (ERC). 
You must keep in mind that if you want to sell within the first five years of purchasing it, then you will have to pay back a percentage of the discount you’re received, and if you plan to sell in the first year of buying, then you will have to pay back the real deal.

Giving Future To Your Living

Stress-Free Advice

Our friendly & personable advisors offer you a free impartial mortgage advisory service from start to finish.

Market Flexibility

We ensure we'll find the best deal available for your circumstances regardless of which lender it comes from.

Choose your Mortgage

Our experienced financial advisors compare over numerous products to find the one best suited to your needs.

Quick and Simple

We can avoid many of the delays often encountered when searching for your own loans and get things processed quickly.

How Can Care Financial Services Help You?

As long as your landlord agrees to sell you the property, a right-to-buy process is pretty straightforward. However, at the same time, it requires time, patience, and expert guidance. to find the best mortgage deals for your new home. At Care Financial Services, we have a team of some of the most skilled mortgage brokers in the UK. It is our duty to provide the right kind of support and direction to our customers for their right-to-buy process.

We provide our clients with various lenders willing to offer loans to potential homeowners. As we have access to a wide range of resources, we are not limited to just a few deals; that is primarily available from the high street. We can also dig out the smaller lenders who are experts in right-to-buy mortgages and willing to take a closer look at your situation.

We can also track the processing time and ensure there are fewer delays and complications in the process so that you can get the keys to your new home as soon as possible. So contact one of our mortgage advisors today at Care Financial Services to make your dreams come to life.

First Time Mortgage - Eligibility


You should be at least 18 years at the time of the mortgage.


You need at least 5 to 10% of the property value depending on the situation

Credit Score

You should have the bank specified credit score.

Frequently Ask Questions

If you have a question that deals with clients, customers or the public in general, there is bound to be a need for the FAQ page.


For a house, it is a minimum of five years, and if you have rented out a flat, it’s a minimum of three years.

Yes, you can co-own with a civil partner, a joint tenant, or your spouse. Your right to buy can also be shared with any three family members as long as they have lived with you for up to twelve months.

Before you can use the right-to-buy scheme, there is a specific eligibility criterion you have to meet, which includes the following

  • It is essential that you are residing in the property as your primary and only home. 
  • The property must be only for you and your family; no spaces should be shared with any outsider. 
  • There must be a secure contract existing between you and the landlord.
  • It would help if you had a public sector or council landlord for at least three years (it doesn’t need to be three years in a row).
  • You should be clear of any lawful issues or debts. 

If you share the property with another owner, then you can apply for a joint mortgage application. On a right to buy mortgage, the maximum discount that can be taken is £84,600 in most cities of England, except for London, which is £112,800. 

These figures will continue to increase each April according to the Consumer Price Index. Your entitlement to the maximum discount depends on many factors, such as the type of estate you are buying, the property value, and the time frame of you living in the estate as a tenant. 

As mentioned above, the discount acts as the deposit for the mortgage; however, some lenders may ask for some deposit depending on the property at hand and your circumstances. 

If your credit history consists of missing payments from the last six years, it is best to postpone your application till these financial issues are solved (such black marks expire from your file after six years). However, if you don’t want to wait that long, then you should resolve all these financial issues before you apply for your mortgage. 

Yes, you can! The right-to-buy scheme is designed to allow most homeowners to make savings on their purchases; This naturally opens the doors to the property market for people who live on a low income and struggle to save enough to afford a mortgage. If you live on a low income, speak to one of our expert mortgage advisors here at Care Financial Services today so that we can recommend to you the correct route to take on your mortgage journey that best suits your circumstances. 

A right-to-buy mortgage can take longer than a standard mortgage deal. It can take up to nine and twelve months from your application to completion. However, the time frame will mostly depend on how fast you can find the right mortgage deal and if there are any delays in the process. Getting help from a suitable mortgage advisor like Care Financial Services can help you manage your time effectively and bring the time scale to a minimum.


The content on this page is based on our understanding and knowledge at the time of publication. It may be subject to change and may not be applicable to your circumstances, so should not be relied upon. Please contact us if you require further information about the content included on this page.

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