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How it Works
Securing an excellent mortgage offer with Revolution Finance Brokers couldn't be easier
1Get in Touch
Complete a quick form to give us an overview of your mortgage or financing requirements, and we'll provide recommendations about the best opportunities for you.
2Submit Your Application
Once you've chosen your preferred mortgage deal, we'll steer you through the paperwork with comprehensive application management from start to finish.
3Mortgage Completion
Revolution Finance Brokers will finalise the details and enable you to move forward without delay!
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The Best Mortgage Deals on Right to Buy

Looking for amazing Right to Buy mortgage deals to purchase your rental property without paying over the odds? The Revolution guide to Right to Buy mortgage deals will ensure you can confidently move forward.

Discover What Our Customers

Have to Say!
Our Customers
Almas Uddin
Almas Uddin

Founder and Mortgage Advisor

Almas Uddin2023-05-09
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The Best Mortgage Deals on Right to Buy

With many different lenders offering Right to Buy mortgages, it can be challenging to know which rates are the most competitive, and which mortgage product presents the best deal.

Here we'll explain how to compare Right to Buy mortgages, and what to look out for in your offer to lend.

For tailored advice or recommendations about where to apply, contact Revolution Brokers on 0330 304 3040, or drop us a message to [email protected].

Which UK Lenders Offer the Best Right to Buy Rates?

Right to Buy is a specialist type of lending, and there are a variety of lenders offering specific types of product.

Many clients contact us as their bank does not offer Right to Buy, and they need guidance to work out which lenders can help.

The best way to find competitive Right to Buy lending is to work with a whole-of-market broker who isn't tied into any specific bank or lender and can offer an independent assessment of the best deals currently available on the market.

Often, the most attractive offers are not available directly to the public, so we can almost always find you a far better deal than you'd be able to negotiate directly.

The following
topics are
covered below
Topics

How Do I Know if I am Eligible for Right to Buy?
What Mortgage Rates are Available on Right to Buy?
How Important is my Credit Rating in a Right to Buy Mortgage Application?
How Can I Make Sure I Get the Best Right to Buy Mortgage Offer?
How Can I Compare Right to Buy Offers Like-for-Like?
Expert Advice on Right to Buy Mortgage Rates
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Why Revolution Brokers?

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Mortgage that suits you Mortgage that suits you

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How Do I Know if I am Eligible for Right to Buy?

It's essential to know your eligibility before you start looking at mortgage options. Lenders will each have different criteria, relating to factors such as:

  • Your age.
  • Your credit history.
  • Whether you have a deposit available.
  • How much you earn a year.

You'll also need to meet the Right to Buy criteria, which are:

  • To have been a council property tenant for at least three years.
  • You wish to buy alone, or with up to three family members who have lived with you as co-tenants for at least one year.
  • You do not have any pending possession orders or legal debt proceedings.

The rates you will be offered depend very much on the value of the property, whether you have a deposit, and what sort of discount you are eligible for.

Generally, interest rates are low, and as long as you apply to a lender who considers the Right to Buy discount in lieu of a deposit, you may need to borrow as little as 65% Loan to Value ratio, which offers competitive rates compared to a higher LTV.

How Important is my Credit Rating in a Right to Buy Mortgage Application?

If you have adverse credit issues, it doesn't mean you won't be able to find a Right to Buy mortgage but can mean that the interest rates you are offered are higher.

Even with bad credit and no deposit, you can apply for up to a 100% Right to Buy mortgage with a specialist lender.

How Can I Make Sure I Get the Best Right to Buy Mortgage Offer?

There are two things you need to do:

  • Work with a broker to ensure you apply to lenders whose eligibility criteria you meet.
  • Seek professional advice from a whole-of-market expert, who can recommend any product from any bank or lender.

How Can I Compare Right to Buy Offers Like-for-Like?

Mortgage advisors often hears from clients who have two offers, but which are not directly comparable.

Give us a call on 0330 304 3040, and we will advise on comparable products, establishing which is more cost-effective overall.

First, you'll need to know which lenders are willing to use the Right to Buy discount as a deposit.

Illustration:

  • You want to buy your council property, which is worth £200,000.
  • You've lived there for three years, and are offered a 35% discount.
  • The purchase price is, therefore, £130,000.
  • The mortgage you need is a 65% LTV, as a proportion of how much you need to borrow, against the value of the property.

Expert Advice on Right to Buy Mortgage Rates

To find the best Right to Buy deals, you need an independent broker who can recommend any product from across the UK lending market.

Give us a call on 0330 304 3040, or message at [email protected], and we'll get to work!

Almas Uddin
Almas Uddin

Founder and Mortgage Advisor

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Further Reading

Right to Acquire Mortgages
Mortgage Calculator for Right to Buy Borrowing
Frequently Asked Questions - Right to Buy Mortgage Deposits
UK Mortgage Lenders Offering the Right to Buy Scheme
Applying for a Right to Buy Council House Mortgage
The Best Mortgage Deals on Right to Buy
Getting a Right to Buy Mortgage with an Adverse Credit History

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Independent & Whole-of-Market

As specialist mortgage brokers for a huge variety of applicants, the whole-of-market consultants at Revolution provide access to an exceptional range of lenders, products and mortgage deals. That means you get the advantage of professional negotiation and broker-exclusives through an established lending network to ensure we always find you the most competitive mortgage available.

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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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