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The Right to Buy Scheme allows council house or housing association tenants in England to buy their council property partially discounted. The discount applied used under the Right to Buy Scheme can vary depending on a few different factors, with location being one.
It may also depend on how long you have stayed living in the property, the type of property you are looking to buy and the property value.
To fit the criteria of the Government’s Right to Buy Scheme, you need to have at least been renting from your local authority for at least 3 years (this doesn’t always have to be consecutive).
When purchasing a property under the Right to Buy Scheme, the property gets valued at full market price with the government discount applied before making any purchases.
These years do not have to be consecutive, though this will vary depending on your situation. By speaking to a mortgage advice in Leicester, they can help check if you are eligible for a mortgage. Alternately, to keep yourself updated with the rules and regulations, you can also check out the government Own Your Home website.
First, you need to know if you are eligible for the scheme and request an application form from the council. Next, you will get an offer notice which shows you the property value and your discount. You then have a set period to accept this offer.
One of the significant advantages of the Right to Buy Scheme is that there is often existing equity in the house because you are utilising an applied discount.
As previously stated, how much equity will also depend on various factors. These include how much your discount is and how much the property you are looking to buy is worth.
Remortgaging for home improvements, such as an extension, new windows or conservatory, may also be doable with some of the mortgage lenders we have on our panel
The Right to Buy scheme, originally introduced in the 1980s, remains accessible to homebuyers; however, it has undergone various changes and may not be available in all areas.
Hence, it is vital to ensure your eligibility in your local authority area before considering a Right to Buy mortgage in Leicester.
As a mortgage broker in Leicester, we can provide expert advice throughout the Right to Buy process, helping you meet the scheme’s requirements and enhancing your chances of obtaining lender approval.
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The fee is up to 1% but a typical fee is £495.
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I found Warren Bailey to be a very helpful and knowledgeable advisor when I discussed with him the potential options for a retirement mortgage . He had contacted me within a day of my seeking an initial conversation with him , and he reassured me there were lenders out there who would consider a mortgage paid out of pension , despite my own bank nort even talking to me as I was over 70 ! Within a couple days Warren had led me through the onboarding process , had explained what documents were needed and had found me a lender suited to my requirements. An excellent experience, and I would recommend him strongly to people looking for a retirement mortgage, and generally . Victor Abrams
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12 May 2026
Abdul khaliq Mayar
I would highly recommend UK Money Man, especially Matthew Collinson and Paula. They have done an amazing job for me from start to finish. My previous mortgage broker got my application declined through TMW, and I was very stressed and worried. When I came to UK Money Man, they completely changed the game for me. Matthew was always helpful, professional, and kept me updated at every stage — even on his day off. That level of service really meant a lot to me. Paula was also fantastic and worked hard on my application. Thanks to their hard work and support, my mortgage was approved. I truly appreciate everything they have done for me and my family. I would definitely recommend Matthew, Paula, and UK Money Man to anyone looking for a reliable and supportive mortgage broker.
11 May 2026
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William Thompson
I would like to say Thankyou to Jonathan and Dan for giving me an easy experience in sorting out my equity release.They were polite,friendly and very professional in their duties,and they made everything as easy as possible for me
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Yasir Noori
The team at UK Moneyman, especially Stacey Waudby and Matt Collinson, were fantastic. They have been really helpful throughout the process and in keeping me in the loop, with any update regarding the application
16 Apr 2026
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Great service, very professional and I felt my adviser really was interested in helping me get the best deal for a repayment mortgage for my age group.
29 Mar 2026
Firstly you need to see if you qualify for this Scheme, request an application form from the local authority.
Once you hear back, they will notify you of the property purchase price and the discount to be applied. If you are undecided, you have a set amount of time to decide and accept their offer.
Here we can help you find a suitable mortgage, advising on property surveys and solicitors when pertinent. As part of your initial free initial mortgage appointment, we’ll be able to help you work out your mortgage costs and find you the most suitable mortgage deal.
As soon as our team have found you an appropriate deal, you will be able to apply to your local authority stating that you would like to purchase the property, then it’s time to process your full mortgage application.
From the first time you get in touch with us, all the way through to completing your mortgage, our team of administrators and Mortgage Advisors in Leicester will be with you every step of your mortgage journey, ready to answer any questions, queries and concerns.
Unlike speaking to a bank or building society mortgage advisor, the perks of using a Mortgage Broker in Leicester by your side has the ability to search through 1000’s of mortgage deals on your behalf, working around the clock to find you the most suitable deal that is available, based on your personal and financial circumstances.
We can also assist when dealing with conveyancing solicitors, helping you decide on which survey would be the most suitable option to go forward with. If you require any other additional help, please do not hesitate to ask your Mortgage Advisor in Leicester will do their best to see if there’s anything we can do to help you.
Our team will provide you with open and honest Mortgage Advice in Leicester. The Right to Buy process isn’t always easy, and we will aim to help you over any hurdles you face. We aim to take away your stress, making you feel relaxed and excited for the eventual outcome.
Feel free to take a look at our genuine customer reviews. They are a true and honest reflection of the level of service we always aim to provide our customers here at Leicestermoneyman.
To speak with a mortgage broker in Leicester, book your free initial mortgage appointment. We have appointments available in the evenings and weekends. Whichever time slot fits in with your work schedule, family schedule or anything else, we will have someone ready to speak to you as soon as they possibly can. (subject to availability).
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Leicestermoneyman is a trading name of UKMM Limited, which is an appointed representative of Mortgage Advice Bureau (Derby) Limited, who are authorised and regulated by the Financial Conduct Authority.
UKMM Limited is Registered in England, No. 16541342 | Registered Address: Capital House, Pride Place, Pride Park, Derby, England, DE24 8QR.
© Leicestermoneyman 2009–2026
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Leicestermoneyman is a trading name of UKMM Limited, which is an appointed representative of Mortgage Advice Bureau (Derby) Limited, who are authorised and regulated by the Financial Conduct Authority.
UKMM Limited is Registered in England, No. 16541342 | Registered Address: Capital House, Pride Place, Pride Park, Derby, England, DE24 8QR.
© Leicestermoneyman 2009–2026
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