Compare
Right To Buy
Mortgages

If you are a local authority tenant and want to buy the property you’re living in through the Right to Buy scheme, L&C can help you find the best mortgage deal.

We can compare all the Right to Buy mortgages you might be eligible for and support you through the application process from start to finish. Our experts will be on hand throughout to provide you with any advice you might need.

L&C can also help you access Right to Buy mortgages that may not be available by going direct to lenders, so get in touch today and see what we can do for you.

Right to Buy is a government-backed scheme which is designed to help local authority tenants buy the property they are living in at a discounted price.

You’ll need to have been a tenant for at least three years to qualify for the scheme. The longer you’ve been a tenant, the bigger the discount you could be entitled to. Bear in mind that if you plan to sell your property within the first five years, you'll have to pay back the entire discount you received, or part of it, depending on when you sell.

Once you’ve confirmed with your landlord that you’re eligible for the scheme, you’ll need to start looking for a mortgage. Some lenders don’t deal with Right to Buy at all, but of those that do, many will treat the discount as a deposit. Some offer specific Right to Buy mortgages, while others will allow you to access their standard mortgage products.

However, the type of property you’re buying can affect which mortgages you’re eligible for. For example, some lenders may be unwilling to offer mortgages on flats in high-rise blocks. L&C can advise which lenders will be able to help you, so that you can secure the best mortgage deal for your needs.