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Right to Buy Mortgage Deals

How do I compare Right to Buy mortgages to find the best deal? Find out here!

No impact on credit score

Pete Mugleston

Author: Pete Mugleston - Mortgage Advisor, MD

Updated: August 27, 2021

We often hear from customers who are looking for RTB (right to buy) mortgages, wanting to know what deals are available and how to find them. You’ll find the answers to these questions and more in our guide to Right to Buy mortgage deals.

How do I find the best Right to Buy mortgages?

Right to Buy mortgages are a niche product in the mortgage market, something that not all lenders offer. As your choice of lenders is restricted, tracking down the best mortgage for Right to Buy can be challenging.

To find the best Right to Buy mortgage for your needs and circumstances, it would be prudent to speak to an expert mortgage broker with access to the whole of the market, who will be able to search all the lesser-known lenders as well as those on the high street to give you the best advice.

The advisors we work with are whole of market and can offer bespoke advice on the Right to Buy scheme. They can also introduce you to the mortgage provider best positioned to offer you favourable rates if you make an enquiry.

Right to Buy eligibility

If you’re looking for the best Right to Buy mortgage deals, the first thing you will need to establish is whether you’ll actually qualify for them.

For RTB mortgages, general eligibility criteria applies, so the lender will assess your application based on a number of factors including your age, your credit report, the amount of deposit you have and your income.

Furthermore, there are also specific requirements you’ll need to meet in order to qualify for a Right to Buy mortgage, and they are…

  • In May 2015 the length of time served as a public/council tenant dropped from 5 years to 3 years.
  • You are able to purchase through right to buy with up to 3 other family members who have lived at the address in the last 12 months (it has to be their main home)
  • Part of the RTB eligibility is having no legal debt issues or possession orders.

Right to Buy mortgage rates

At the time of writing, Right to Buy mortgage lender’s rates are very low and this is due to two factors. Interest rates generally are low across the board (although this could change at any moment), but also because many lenders let you use the RTB discount as the deposit, meaning with the minimum discount of 35% you will only require a 65% LTV (loan to value) mortgage.

Will my credit report affect the rates I’m offered?

Possibly. Bad credit is not a huge deal-breaker for some Right to Buy mortgage lenders, as it is possible to still get up to a 100% (no deposit) RTB mortgage even with some types of adverse on your file.

However, the better your credit profile then the better Right to Buy mortgage interest rates you may be eligible for as the lender would see you as less of a risk.

How do I get the best Right to Buy mortgage rates?

This will come down to two things: meeting the eligibility requirements at as many Right to Buy mortgage lenders as possible and having whole-of-market access. That way, all of the best deals you qualify for will be within your reach.

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How do I compare Right to Buy mortgages?

Not all lenders offer Right to Buy mortgage deals, let alone let you use the discount as the deposit, so traipsing up and down the high street or using an online rates table is not the best solution.

What do I need to know before comparing RTB mortgage deals?

Before comparing RTB mortgage rates and deals, you must first find out what is available. Many lenders will let you use the discount from the council as the deposit, therefore you are getting the best of both worlds.

You may not have to put down any money yourself as a deposit and you will also have access to the best mortgage rates for Right to Buy.


  • Market value of property £200,000
  • Discount of 35% (3 years tenancy)
  • RTB purchase price £130,000
  • Mortgage required is £130,000 which is 65% LTV (loan to value) of the true market value of the property.
  • Zero deposit required (like a 100% mortgage)

Speak to an expert about the best Right to Buy mortgage

If you have questions about right to buy mortgages or anything else in this article and want to speak to an expert for the right advice, call Online Mortgage Advisor today on 0808 189 2301 or make an enquiry.

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About the author

Pete, an expert in all things mortgages, cut his teeth right in the middle of the credit crunch. With plenty of people needing help and few mortgage providers lending, Pete found great success in going the extra mile to find mortgages for people whom many others considered lost causes. The experience he gained, coupled with his love of helping people reach their goals, led him to establish Online Mortgage Advisor, with one clear vision – to help as many customers as possible get the right advice, regardless of need or background.

Pete’s presence in the industry as the ‘go-to’ for specialist finance continues to grow, and he is regularly cited in and writes for both local and national press, as well as trade publications, with a regular column in Mortgage Introducer and being the exclusive mortgage expert for LOVEMoney. Pete also writes for OMA of course!

Read more about Pete

Pete Mugleston

Mortgage Advisor, MD

FCA disclaimer

*Based on our research, the content contained in this article is accurate as of the most recent time of writing. Lender criteria and policies change regularly so speak to one of the advisors we work with to confirm the most accurate up to date information. The information on the site is not tailored advice to each individual reader, and as such does not constitute financial advice. All advisors working with us are fully qualified to provide mortgage advice and work only for firms who are authorised and regulated by the Financial Conduct Authority. They will offer any advice specific to you and your needs.

Some types of buy to let mortgages are not regulated by the FCA. Think carefully before securing other debts against your home. As a mortgage is secured against your home, it may be repossessed if you do not keep up with repayments on your mortgage. Equity released from your home will also be secured against it.

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