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Own your council house with right-to-buy

Right to Buy mortgages.

  • Flexible on credit status
  • Benefits income accepted
  • Automated valuations available
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Why choose Together?

Our mortgage key facts
  • 8.40%

    Fixed rates from 8.40%
  • 10.15%

    Variable rates from 10.15%
  • No deposit

    Available with no deposit
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Own your council house with right-to-buy

If you currently live in a council house, you may qualify to purchase your home at a discounted price with the Right to Buy scheme.

Our common sense approach to lending means that we can offer right-to-buy mortgages that are flexible when it comes to your income and credit status, including accepting benefit income. We can even be flexible when it comes to property type, lending on a range of non standard properties including high rise flats.

Automated valuations can be accepted, using data from a range of existing databases to automatically calculate a value for the property that the loan will be secured against , greatly reducing the timescales and costs required.

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Buy your council home with a right to buy mortgage

We don’t rely on credit scores alone when deciding whether or not to approve a mortgage application.

We understand that real lives rarely fit conveniently into tickboxes so we look at every application on its merits, and use our common sense.

It’s an approach we’ve been applying for almost 50 years. In that time, we’ve helped hundreds of people buy their council homes so they can create a future for their families, and make happy memories for years to come. See our step by step Right to Buy guide here.

Mortgage Repayment Calculator

Do you want to quickly understand the potential cost of your mortgage?

We can give you an idea of the monthly costs with just a few details like the property value, your deposit amount and how long you need the loan to last.

Calculate costs

Common questions about Right to Buy mortgages

What is Right to Buy?

Right to Buy is a government scheme which allows most council tenants to buy their council home at a discounted rate.

How do Right to Buy mortgages work?

A Right to Buy mortgage works very similarly to a regular mortgage. Some lenders will require that you have a deposit ready to buy your home, but at Together, it’s not something we always need.

Am I eligible for a Right to Buy mortgage?

Most tenants in England will be eligible to buy their council home, as long as you meet the following criteria:

  • It’s your only or main home.
  • The property is self-contained, meaning it has its own kitchen, living room, and bathroom.
  • You’re a secure tenant.
  • You’ve had a public sector landlord (for example, a council, housing - association or NHS trust) for 3 years, which don’t need to be consecutive

Please be aware that Wales and Scotland have different rules for Right to Buy properties.

Do I need a deposit to purchase my Right to Buy property?

Most lenders tend to accept the Right to Buy discount as a deposit, but not all of them will. It’s worth checking this with your mortgage provider.

I live in an ex-council home. Can I apply for Right to Buy?

If your home was once owned by the council but then sold on to your current landlord/housing association, you may qualify for Preserved Right to Buy. Your landlord will be able to tell you if you’re eligible for this, and if not, you may be eligible for the Right to Acquire scheme instead.

Can I make a joint application for Right to Buy?

With Together, mortgage applicants must match the Right To Buy named applicants exactly. If the tenancy is in joint names – the mortgage must also be in joint names.

If you’re eligible for the Right to Buy scheme, you could be able to make a joint application with the following people:

  • Someone you share your tenancy with
  • A spouse or civil partner
  • Up to three family members, who you need to have lived with for at least the last 12 months
  • If you’re buying with someone else, you count the years of whoever’s been a public sector tenant the longest to work out the discount you may be entitled to.

What other costs are involved with buying my Right to Buy home?

As with any other home you’re looking at buying, there are extra costs on top of the purchase price. These include stamp duty (at a reduced rate), legal fees, and a house survey.

Can I sell my Right to Buy home?

Yes, but if you sell your Right to Buy home within 5 years of buying it you’ll have to pay back some or all of the discount, the amount of which depends on the current value of your property.

If you sell your house in the first year you’ll have to pay back all of the discount. After that, the total amount you pay back reduces:

  • Second year - 80% of the discount
  • Third year - 60% of the discount
  • Fourth year- 40% of the discount
  • Fifth year- 20% of the discount
Overall cost for comparison

For example: A mortgage of £146,000 payable over 22 years, initially on a fixed rate for 5 years at 8.65% (and then on a tracker rate for the remaining 17 years at 1.8% above the Together Homeowner Managed Rate (THMR)) would require 60 instalments of £1,258.34 followed by 203 monthly payments of £1,483.27 plus a redemption administration fee of £100.00. Read more information on THMR.

The total amount payable would be £378,187.48 made up of the loan amount (£146,000) plus interest on the loan (£226,808.87), arrangement fee (£1,495) plus interest on this fee (£1,853.12), broker fee £862 plus interest on this fee £1,068.49) and the redemption administration fee (£100.00).

The overall cost for comparison is 10.6% APRC representative.

The actual rate available will depend upon your circumstances. Ask us for a personalised illustration.

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Your home may be repossessed if you do not keep up repayments on your mortgage. All mortgages are subject to our terms and conditions.
Your home may be repossessed if you do not keep up repayments on your mortgage.

You are likely to repay more overall if you select a longer-term mortgage to reduce your monthly payments.