Question 1

How do lenders treat the Right to Buy discount?

Accepted Answer

Most RTB lenders treat your discount as your deposit, so you may not need any personal savings. They lend based on the discounted purchase price, and your discount provides the equity. Some require a small personal contribution.

Question 2

What's the maximum LTV for Right to Buy?

Accepted Answer

Many lenders offer 100% of the discounted purchase price (meaning no personal deposit needed). Others cap at 70-95% of the discounted price. The maximum depends on your credit history and affordability.

Question 3

What is Right to Acquire?

Accepted Answer

Right to Acquire is similar to Right to Buy but for housing association tenants. Discounts are typically smaller (£9,000-£16,000). Fewer lenders offer RTA products, but the principles are similar.

Question 4

Are there restrictions on RTB properties?

Accepted Answer

Yes, lenders have their own criteria for ex-council properties. High-rise flats (typically 4+ storeys), certain construction types, and properties in certain areas may have restricted options. Each lender assesses differently.

Question 5

What happens if I sell within 5 years?

Accepted Answer

You must repay part of your discount if you sell within 5 years. The amount decreases each year: 100% in year 1, 80% in year 2, 60% in year 3, 40% in year 4, 20% in year 5. After 5 years, you keep the full discount.

Right to Buy Mortgage Criteria

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