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The Right to Buy is a government-initiated program designed to provide eligible residents living in council-owned properties with the opportunity to purchase their homes at a discounted price.
This scheme allows secure tenants of council properties, who have spent at least 3 years as public sector tenants (non-consecutively), to buy their homes and become homeowners.
With the help of a mortgage broker in York, like ourselves, we can help check if you are eligible for the scheme.
Alternately, to keep yourself updated with the rules and regulations, you can also check out the government Own Your Home website.
Various factors will determin the exact cost of your Right to Buy property.
The discounted price can be influenced by the property’s market value, the length of time you’ve been a public sector tenant, the location you are in and the type of property you are buying.
We tend to find, the longer you’ve been a tenant, the higher the discount you may receive.
The specific calculations can vary, so it’s always worth checking with someone to know the specifics of what you may be entitled to.
One big advantage of a Right to Buy mortgage in York is that it is most likely that there is already equity in the house, this could reduce some off your house price or be used as part of your deposit.
Often when purchasing a Right to Buy you will be a first time buyer, we love working with first time buyers!
Our expert mortgage advisors in York, we are here through every step of the process, from your initial enquiry through to completion.
The Right to Buy scheme offers eligible council or housing association tenants the opportunity to purchase their home at a discounted price.
In many cases, this discount can act as a substitute for a traditional deposit.
It’s important to be aware that there are still additional costs involved in the process, such as legal fees, valuation charges, and potential survey costs.
Speaking with a mortgage broker in York like ourselves, can help provide guidance tailored to individual financial circumstances.
The mortgage process for a Right to Buy involves several key stages.
It begins with submitting a Right to Buy application to the local council.
If approved, the council will issue a formal offer notice, confirming the purchase price and the level of discount.
At this point, the mortgage application process can begin.
This typically includes checking affordability, sourcing a suitable mortgage deal, and submitting the relevant documentation to a lender.
Legal work will then be carried out by a solicitor, including property checks and contract handling, before the purchase is finalised.
The Right to Buy discount is worked out by considering several factors, such as how long someone has been a public sector tenant, the type of property they live in, where it’s located, and its current market value.
Typically, a longer tenancy leads to a larger discount.
This reduction is then applied to the full market value of the home, which results in a lower purchase price.
The exact discount can vary from person to person, depending on individual circumstances and the details of the property.
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Raphaella
Brilliant service helping me to remortgage.
2 weeks ago
Katy
Matt and the team have been great. Quick turnaround from AIP to formal offer. Good advice and explained well in the initial stages. Overall very easy and simple process.
1 month ago
Nathan
Matt Collinson and his support team are brilliant, second time of using them and both times have been very smooth and simple! They have enabled to to exceed all my expectations the houses I would be able to purchase!
1 month ago
Reece
Very helpful, very efficient. Good service from a good team.
2 months ago
Anonymous
Made the remortgaging process very simple and completely painless! Highly recommend.
2 months ago
Anonymous
My industry generally uses fixed-term contracts and this complicated my situation when looking for my first mortgage. With my broker's help I was able to secure a mortgage and recently completed the purchase of a property. Thanks.
2 months ago
Grayson
smooth process throughtout. great communucation.would highly recommend to anyone looking for a mortgage broker.
2 months ago
Kieran
Helped me through my morgage process with no issues and was always just a phone call away to help me with any questions very great service throughout would highly recommend.
2 months ago
Mr.
Excellent advice given since I first started using their services. Honest and clear.
2 months ago
Chris
Fantastic service, Charlie and the UK Moneyman team went above and beyond to understand our financial situation and help us to get on the property ladder. Everything was patiently and clearly explained to us and we were kept up to date with the...
4 months ago
Anonymous
Excellent and personalised service
4 months ago
Alison
Have been very impressed. Certainly smoothed the whole process. Got a good deal on an atypical mortgage. Got an agreement in principle very quickly.
4 months ago
Simon
Excellent service
5 months ago
Anonymous
Excellent service. Would highly recommend.
5 months ago
Jason
Very good service always there to help you
7 months ago
Jason
Very good service always there to help .
7 months ago
Jeff
Chris and the team have been fantastic throughout our application, very friendly and always available to contact no matter how big or small the issues were and fantastic guidance for us first time buyers! We would highly recommend using their...
8 months ago
Anonymous
Great service, always helpful
10 months ago
Nathan
Friendly and relatable staff. Kept us in the loop and well informed throughout the process and made it all very hassle free for us.
10 months ago
Anonymous
Everything was well explained.
10 months ago
Speaking with an experienced mortgage advisor in York is an important first step in exploring your Right to Buy options and understanding how they apply to your individual circumstances.
There are a wide variety of lenders offering tailored products for those using the Right to Buy scheme, with access to specialist deals designed to suit different financial situations.
Your dedicated mortgage advisor in York will handle the full mortgage application process on your behalf, making sure all documents required by the lender are correctly prepared and submitted.
In addition to finding a suitable mortgage, we also offer support with arranging protection policies, helping to safeguard both your home and the financial wellbeing of you and your family.
Get started with a free mortgage appointment, offering clear guidance with no upfront costs.
A mortgage advisor will take time to understand your needs and explain your options from the outset.
We search the market to find the most suitable mortgage deal for your Right to Buy purchase, including access to specialist lenders who support discounted purchases.
From your first enquiry through to completion, you’ll receive clear, honest and personalised support.
We aim to make the mortgage process as simple and stress-free as possible.
We’re available seven days a week to fit around your schedule, including evenings and weekends, so you can get expert mortgage advice in York at a time that works best for you.
Determine if you are eligible for the Right to Buy scheme. Eligibility criteria may include being a secure tenant in a council property and having a qualifying period of public sector tenancy, usually at least three years.
Once eligible, obtain a Right to Buy application form from your local council. Complete the form and submit it to initiate the application process. The council will assess your eligibility and provide you with an offer, including the discounted purchase price.
Once you have the offer from the council, secure a mortgage to fund the purchase. Consult with a mortgage advisor in York to explore suitable mortgage options, considering your financial situation and the discounted purchase price.
After obtaining a mortgage, summarise the purchase process.
This involves legal and financial checks, completing necessary paperwork, and arranging the transfer of ownership.
Once everything is in order, you can complete the purchase and become the homeowner.
It’s crucial to note that specific details and steps may vary, and it’s advisable to seek guidance from our mortgage advisors in Yorkto navigate the Right to Buy process effectively.
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Yorkmoneyman.com & Yorkmoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 9 Gallows Lane, Beverley, United Kingdom HU17 7FJ.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk.
© Yorkmoneyman 2025.
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Yorkmoneyman.com & Yorkmoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 9 Gallows Lane, Beverley, United Kingdom HU17 7FJ.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk.
© Yorkmoneyman 2025.
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