Right to buy mortgage Process

1 Do you qualify?

If you have been a local authority tenant (present and previous addresses can be included) for a minimum of 2 years before 18th January 2005, or a minimum of 5 years after 18th January 2005. Then you should be entitled to apply for the right to buy. Contact your local council to confirm that you are entitled to access the right to buy scheme. Click here to download the RTB1 form If you are having problems completing the forms please contact us.

2 How much discount are you entitled to, the maximum discount you can receive can be up to 32% if your property is a house or 44% if you live in a flat or maisonette.

If the council confirms that you are eligible for the ‘Right to Buy’ they will then send you the RTB1 application form to be completed. The questions on the form will be used to calculate the discount you will receive from the value of your Property.

3 Arrange a valuation
The next stage will be for the council to send you a RTB2 form, this will confirm whether or not your application has been approved. This should be sent to yourselves within 4 weeks of the council receiving your RTB1 form (this may take slightly longer if you have lived at different addresses during the last 2 years).
The valuation is free as it will be paid for by the council/housing association.

4 Receive your Offer
The council/housing association should send you their offer, known as the Section 125 notice, within approximately 8 weeks of the RTB2 form being sent to yourselves.

If you are experiencing problems obtaining your offer from the council and we are in the process of arranging your mortgage, we will be able to help you.
The section 125 offer notice will include the property valuation, the discount you will receive along with the purchase price to yourselves.

Once you have been issued with your valuation we will be able to complete your mortgage application for you.