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Right To
Buy
Mortgage Advice.
It’s free to speak with a mortgage adviser 7-days a week.
Discover The Easy Way
Same Day Appointments
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Quick Decisions
Stop waiting weeks to get a decision.
Transparent Advice
Don't be left in the dark anymore.
Same Day Appointments
Let's get started today.
Quick Decisions
Stop waiting weeks to get a decision.
Transparent Advice
Don't be left in the dark anymore.
We Can Search Thousands Of Mortgage Deals
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The Journey To Your New Mortgage !
Initial
Meeting
Let’s grab a coffee (or a Zoom/call). This is where we get to know you, your plans, and your goals. Think of it as a relaxed chat to set you on the right path. You talk, we listen!
Personalised
Package
We’ll craft a mortgage plan tailored to your needs, complete with all the suitable options. We’re like your personal mortgage matchmaker, finding the most suitable deal to make your dream become a reality!
We Do
The Rest
Leave the paperwork, lender chasing, and all the heavy lifting to us. All you need to do is sit back and relax while we make it happen behind the scenes. Our award-winning team is available 7-days a week.
Collect Your
Keys!
Your mortgage offer is in, and it’s time to pop the bubbly! Like all our 5-star customers, you are now one step closer to making your goals a reality.
Why Use Protex Financial For Right To Buy Advice?
Here at Protex Financial, we strive to make our only focus on you; this is why we can offer the best range of Mortgage Advice with access to 1000’s of right to buy mortgage products that the market has to offer. Our mortgage brokers are able to search thousands of products to make sure you are getting the most suitable deal you can possibly get.
Our mortgage team here at Protex Financial are regulated by the FCA, the Financial Conduct Authority. This means everything we do is for you; we are obligated to offer you great rates, great deals and great right to buy mortgage advice.
We Don't Just Say It We Shout About It !
Whether you’re trying to buy your first home or remortgage with changed circumstances, get expert advice from one of the UK’s leading Mortgage Brokers to help you navigate an ever-changing mortgage market.
Simple
Fees
Mortgage Fee
£376.00
Our fee can range from £176 to £576, depending on case requirements.
Whether you’re buying your first home, remortgaging, or growing your property portfolio, we keep it transparent, simple, and straightforward. Plus, our fee is only payable once we get you a mortgage in principle.
- Access to whole of market
- Award-winning advisers
- Access to a wide range of expert solicitors
- Mortgage protection built to last
“Going above and beyond is what we do; we LOVE our job, and most of all, we LOVE helping our clients.”
If you need any form of Right To Buy Advice, then make an appointment with one of our mortgage brokers today. We aim to make your home buying or family insuring process as simple as possible, keeping you informed every step of the way.
Speak with Simon & Kelly, book your FREE mortgage appointment today.
Right To Buy Tips
Before you start the process, ensure you meet the eligibility criteria for the Right to Buy scheme.
Steps:
- Tenancy Duration: You must have been a council or housing association tenant for at least three years. The longer you have been a tenant, the bigger the discount.
- Property Type: Check if your property is eligible for the scheme, as some properties are excluded.
- Check Discounts: Understand the discount you are entitled to, which increases with the length of your tenancy.
Knowing the market value of your home is crucial to understanding the financial implications of your purchase.
Steps:
- Independent Valuation: Consider getting an independent valuation in addition to the one provided by the council or housing association.
- Assess Condition: Factor in the condition of the property and any potential repair costs.
Beyond the purchase price, several additional costs are involved in buying a property.
Steps:
- Legal Fees: Budget for solicitor and conveyancing fees.
- Survey Costs: Include the cost of a property survey.
- Moving Expenses: Consider costs related to moving and any necessary renovations.
Explore different mortgage options to find the best deal for your situation.
Steps:
- Mortgage Broker: Use a mortgage broker specialising in Right to Buy mortgages to find competitive rates.
- Deposit: Determine the deposit size you need, considering the Right to Buy discount.
- Affordability: Ensure you can afford the monthly mortgage payments and other associated costs.
Owning a home comes with long-term financial responsibilities and commitments.
Steps:
- Maintenance Costs: Be prepared for ongoing maintenance and repair costs.
- Service Charges: If you buy a leasehold property, consider service charges and ground rent.
- Insurance: Arrange for adequate home insurance.
Professional advice can help you navigate the complexities of the Right to Buy process.
Steps:
- Legal Advice: Consult with a solicitor to understand the legal aspects of your purchase.
- Financial Advice: Seek advice from a financial advisor to ensure the purchase aligns with your long-term financial goals.
- Housing Advisor: Ask a housing advisor for additional support and information.
Being well-prepared can streamline the application process and reduce potential delays.
Steps:
- Documentation: Gather all necessary documents, including proof of tenancy and identification.
- Application Form: Complete the Right to Buy application form accurately and thoroughly.
- Follow-Up: Contact the council or housing association to track the progress of your application and address any issues promptly.
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Right To Buy Frequently Asked Questions
The Right to Buy scheme is a UK government initiative designed to help eligible council and housing association tenants purchase their council-rented homes at a discounted price. This scheme aims to facilitate homeownership by offering tenants a significant reduction on the market value of their property, with the discount amount increasing based on the length of tenancy. To qualify for the scheme, tenants must have been renting from a public sector landlord, such as a council, housing association, or NHS Trust, for at least three years.
The scheme is open to most council properties, although some exclusions apply, such as homes designated for the elderly or those with special adaptations for disabled individuals. The discount available through the Right to Buy scheme is capped, with the maximum discount varying by region – currently, the cap is £87,200 across England and £116,200 in London. Tenants can use a mortgage to finance their purchase, with specialist lenders offering Right to Buy mortgages tailored to these circumstances.
There are also restrictions on reselling the property. If the tenant sells their home within the first five years of ownership, they must repay some or all of the discount they received. The amount that needs to be repaid decreases over time. Overall, the Right to Buy scheme provides a valuable opportunity for long-term public sector tenants to transition into homeownership, invest in property, and build personal equity.
The Right to Buy Scheme enables tenants to purchase their property from the local council at a discounted price. The discount amount depends on the length of your tenancy.
To qualify, you must have been a public sector tenant (council, housing association, or NHS Trust) for at least three years. The longer you have been a tenant, the greater the discount you will receive.
A mortgage broker like us can search through thousands of deals to find the most suitable mortgage for your circumstances. Book your free mortgage appointment online to speak with a mortgage advisor today.
Being on any form of benefit will not change your legal Right to Buy eligibility. However, any lender will need to ensure that you can afford your monthly mortgage repayments.
One thing that may be affected is your ability to receive certain benefits, such as Housing Benefits, which cannot be received if you are a homeowner.
£0.00. Lenders will accept the right to buy a discount as your deposit. However, it is still worth remembering that you may need to save some of your own money for any fees that are incurred.
Originally introduced in the 1980s, the UK Right to Buy Scheme remains a viable option for tenants looking to purchase their council homes at a discounted rate.
Since its inception, the scheme has evolved, with variations available in different local authority areas across the country. Some of these schemes extend the Right to Buy option to housing association tenants as well. Over the years, thousands of tenants have utilised the Right to Buy scheme to achieve homeownership.
Any family member can buy your council home, provided they have been listed on the tenancy for at least one year. If you are married or have a civil partner who lives with you, the tenancy can also be transferred to them.
Once transferred, they would be eligible for the Right to Buy scheme for that home, but the purchase would be in their name, not yours.