Frequently Asked Questions - Right to Buy Mortgage Deposits

Deposit requirements may be make or break if you'd like to use the Right to Buy scheme to own your long-term rental property. Our FAQS cover all of the commonly asked questions about the minimum deposit for a Right to Buy application and why that threshold may vary.

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Error: Yearly income income must be between £1 and £10,000,000.

Error: Regular bonus must be between £1 and £10,000,000.

Based on your yearly income, you may be able to borrow:


Most lenders will let you borrow 4.5 times your annual salary so, as long as you have a standard 10% deposit, you should be able to borrow this much.


Depending on your personal circumstances, some lenders may let you borrow 5 times your salary.


Lenders usually cap the amount they lend at 5.5 times your salary, so it’s unlikely you’ll be able to borrow more than this.

This calculator is an estimation of how much you could borrow. If you’re ready to take out a mortgage, speak to a Revolution brokers to see what options are available.

Frequently Asked Questions - Right to Buy Mortgage Deposits

One of the biggest challenges to taking out a first mortgage is raising funds for a deposit - and the Revolution team often deals with enquiries wanting to know what deposit is needed.

In this guide, we'll run through the most frequently asked questions about Right to Buy deposits, so you know everything essential to calculating your deposit figure, and understanding whether you will need one at all.

For more help with a Right to Buy mortgage application, give our team a call on 0330 304 3040, or drop us a message to

How Does the Right to Buy Scheme Work?

Right to Buy helps council property tenants in England purchase their home at a discount.

The scheme is aimed at first-time buyers or long-term council tenants and seeks to provide an affordable way to get on the property ladder.

Is a Deposit Required for a Right to Buy Application?

In most cases, you can get a Right to Buy mortgage without a deposit. The scheme offers a significant discount on the property price, and so provided you work with a lender who accepts this discount instead of a deposit, you won't need to put down any cash.

Some lenders do require a deposit, usually between 5% and 10%, so it is vital to work with an experienced broker who can recommend which lenders to apply to.

Does Right to Buy Cover Housing Association Tenants?

Unfortunately not; Right to Buy helps council property tenants to buy their home from the landlord, and does not cover housing association tenants.

There is a different scheme called Right to Acquire, which is something the Revolution Brokers team can also assist with.

It is essential to remember that Right to Buy helps tenants to purchase their main residential home, so it isn't suited to buy to let investments, and you must remain living in the property for at least five years to avoid needing to pay back the discount.

Where Can I Get a Right to Buy Mortgage?

Not all lenders offer Right to Buy, and you might find that in any unusual circumstances, a bank that does offer this product will refuse your application - this includes scenarios such as:

  • Having bad credit, or no credit score.
  • Being self-employed or with variable income.
  • Purchasing a non-standard property.

In any of these situations, it is possible to find Right to Buy lending - we'd always recommend working with a broker who can negotiate with lenders, and find the best lending that is suited to your requirements.

Yes, you can - give us a call on 0330 304 3040 if any of the following apply, and even if another lender has turned you down:

  • Low credit rating, or no credit score.
  • Late payments and mortgage arrears.
  • Defaults or CCJs.
  • Debt management plans.
  • IVAs.
  • Bankruptcy or repossessions.

What Non-Standard Properties are Eligible for Right to Buy?

Many mainstream lenders are reluctant to lend against a 'non-standard' property, such as:

  • Homes built with timber or steel frames.
  • Properties made of materials other than brick or blocks - such as concrete.
  • High-rise apartments, and flats with balcony access.

The good news is that Revolution Brokers works with a network of lenders with experience in unusual properties, and offer flexible mortgage terms.

Lenders often look on this type of property as higher risk, but a specialist Right to Buy mortgage provider will be able to lend.

With the right lender, yes - you can apply for a 100% mortgage on the sale price, with the discount used as security, since you will have a proportion of the property market value as equity.

This all depends on the lender, so for example, if you are buying a council home worth £250,000 and have lived there for five years, you may be able to claim £80,900 - that is the 35% discount but capped at £80,900.

That means paying £169,100 for the property, with equity of £80,900.

Can I Borrow More on a Right to Buy Mortgage Than I am Paying for the Property?

Potentially, if you need to cover the costs of repairs or improvements, you might be able to borrow a higher value than the sale price of the property.

Your lender will need verification that you have spent the funds on investing in the property, and the agreement will be subject to meeting their other criteria.

Where Can I Get Professional Advice About a Right to Buy Deposit?

The mortgage advisors team works with thousands of clients to find a Right to Buy mortgage, even where there are credit issues, and no deposit available.

Give us a call on 0330 304 3040, or arrange a good time to talk by sending a message to

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FCA disclaimer

The content included in our articles, blogs, web pages and news publications is based on information accurate at the time of writing. Note that policies and criteria can change regularly throughout the UK mortgage lending market, and it remains essential to contact the consultation team to receive up to date guidance. The information included on the Revolution Brokers site is not bespoke to any circumstances or individual application scenarios and therefore is not intended to be used as financial advice. The content we share is designed to be informative and helpful but cannot be relied upon to provide individual advice relevant to your mortgage requirements. All Revolution team members are fully qualified, trained and experienced to provide mortgage advice of an independent nature. We collaborate with lenders and providers who are regulated, authorised and registered with the Financial Conduct Authority (FCA). Should you require specific mortgage borrowing types, some products such as buy to let mortgages may not be FCA regulated. The Revolution team can provide further information about regulated and unregulated lending as required. Please remember that a mortgage is a debt which is secured against your home or property. Your home can be at risk of repossession if you do not keep up with the repayments or encounter any other difficulties in managing your mortgage borrowing responsibly. This also applies to any remortgage or home loan secured against your property, including equity release products.

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Ask us any question you might have, and one of our skilled consultants will come back to you as quickly as possible.