Right-to-Buy customers

Own the rental property you already love.

Your home may be repossessed if you do not keep up repayments on your mortgage.

Turned down by high street lenders? Have a less than perfect or no credit history? Talk to us.

We think looking at your individual situation, combined with our common-sense approach to lending, makes better sense for everyone.
Make an enquiry
Goodbye renting. Hello owning.

We’ve helped many eligible people in council and housing association properties say goodbye to life as a tenant, whether they have less than perfect credit histories, or because high street lenders don't cater for the type of property they're renting. That’s because we consider your individual circumstances, not just your credit profile. So if you’ve had previous problems, or live in a non-standard property, you could still qualify for a Right-to-Buy mortgage from us. 

 

We’ll consider Right-to-Buy mortgages for:
  • Council properties (including houses, flats and maisonettes)
  • high-rise properties (yes, even ones above 6 floors)
  • properties with poor valuations (when the property is in a less than perfect condition)
  • non-standard constructions (when the property you want is a little out of the ordinary)
  • …as well as the more usual brick built houses, flats and maisonettes 

 

Key features
  • Loans up to £1,000,000 – up to 100% of the purchase price (when including the Right-to-Buy Discount)
  • CCJs and Defaults accepted
  • Up to 65% LTV (loan to value)
  • Variable rates from 6.37%
  • 5-year fixed rates available from 7.12%
  • Interest-only repayment options available
 
With added value

We offer Right-to-Buy mortgages up to 100% of the purchase price. So if you qualify for the maximum right-to-buy discount, you only need to find funds to cover any fees or charges. There also aren’t any valuation fees or lender solicitor charges. And to help make things more affordable and easier to plan, we offer a 5-year fixed-rate product. Also, we don't hit you with early repayment charges if you want to pay off your mortgage early. And that’s even on fixed-rate mortgages.

 

Overall cost for comparison

For example: A loan of £98,355.00 payable over 16 years on our variable rate for the loan term of 16 years at our current rate of 7.06% (variable) would require 192 monthly payments of £885.24 plus a redemption administration fee of £150.00.

The total amount payable would be £170,116.69 made up of the loan amount plus interest on the loan (£66,053.68), broker fee (£0.00) and arrangement fee (£3,325.00) plus interest on these fees (£2,233.02) and the redemption administration fee (£150.00).

The overall cost for comparison is 7.85% APRC representative. 

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

 

Getting your Right-to-Buy mortgage in 8 easy steps 

When you apply for a mortgage with us, one of our qualified mortgage advisers will guide you through each step of the process:

  1. We’ll make sure we understand your circumstances fully before recommending a suitable mortgage. If you’re happy, you’ll receive a ‘mortgage illustration’ providing all the relevant details about the product you’re applying for.
  2. Our mortgage advisers will take you through the full application process. We’ll tell you exactly what you need to do, and when, including sending us supporting documentation. For example, proof of income in the form of wage slips or your accounts and your completed Section 125 form. 
  3. When we have everything we need, we’ll assess your application and supporting information.
  4. Then a surveyor will visit the property to ensure it’s mortgage-worthy. 
  5. If it is, we’ll make you a mortgage offer, which means we’ve accepted your mortgage application. 
  6. Our advisers will tell you what’s happening at each stage and, importantly, you’ll have their contact details if you want to get in touch.
  7. Your conveyancer or solicitor will start to discuss exchanging contracts with the council and agree a date to complete the sale. This is a good time to take out buildings insurance.
  8. Completion is the date you’ll officially own your home. We’ll transfer your mortgage funds to the council. Congratulations, you’re no longer a tenant! 

 

Our lending criteria
  • Your landlord will need to confirm your eligibility for Right-to-Buy as part of the Right-to-Buy application process.
  • Together accepts properties that other lenders may not consider. Right-to-Buy provides up to 100% of the purchase price up to a maximum loan to value (LTV) of 65%
  • Right-to-Buy in Scotland is by referral only.

 

Same day enquiry

We’re here between 9am and 8pm Monday to Thursday and 9am to 7pm on Friday. If you contact us by 2pm we guarantee to get back to you the same day. If it’s after 2pm, we can’t promise we’ll be able to reply on the same day, but we’ll do our very best.

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Your home may be repossessed if you do not keep up repayments on your mortgage.


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Build: 1.2.5.22054