Right to Buy
Buy your home with a significant discount through the government's Right to Buy scheme — up to £136,400 off.
What is Right to Buy?
Right to Buy is a government scheme designed to help social housing tenants purchase the home they currently live in, with a discount of up to £136,400 (£102,400 outside London). The discount depends on how long you've been a public sector tenant, the type of property — house or flat — and the value of your home.
Discount amounts
Houses
You can get a 35% discount if you've been a public sector tenant for 3 to 5 years. After the fifth year, the discount increases by 1% per year up to a maximum of 70% — or £102,400 (England) and £136,400 (London).
Flats
You can get a 50% discount if you've been a public sector tenant for 3 to 5 years. After the fifth year, the discount increases by 2% per year up to a maximum of 70% — or £102,400 (England) and £136,400 (London).
Do I need a deposit?
The Right to Buy scheme offers a discount of at least 35%, depending on how long you've lived in your property. In most cases, the full discount can be used as a deposit — without needing your own savings. However, some lenders will require a personal deposit contribution. Your broker will advise on the minimum required or whether the discount alone is sufficient.
Joint applications
You can make a joint application to use the Right to Buy scheme. If you qualify, you can buy your home with:
- Someone who shares your tenancy
- Your spouse or civil partner
- A family member who has lived with you for the past 12 months (up to 3 family members)
Get in touch
If you have questions about the Right to Buy scheme or our services, contact us. Our mortgage advisers are happy to answer your questions and explain all the details.
Book a free consultation
We'll respond within one business day.