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In England, the Right to Buy Scheme has provided the chance for tenants to buy their council property partially discounted, subject to the applicant’s eligibility
The criteria that you need to meet to be eligible for the scheme includes you renting for at least 3 years from the local council or housing association and you also have to be secure tenants of council property.
Your 3 years of renting do not have to continuous, however, this does depend on to your personal circumstance. This is why amortgage advice in Derby can be helpful to see if you are eligible.
To keep up to date with the rules and regulations that entail with the Right to Buy Scheme, check out the government Own Your Home website.
When it comes to utilising the Right to Buy Scheme, the property will be first valued at full market price and before purchase will be when the government discount will be applied.
Having one of our experienced mortgage advisors in Derby by your side, providing the knowledge you need and expert Right to Buy mortgage advice in Derby, to give you a step up in achieving your home-owning goal.
The Right to Buy scheme, remains accessible to prospective homebuyers. Nevertheless, the scheme has undergone various changes throughout the years. It is essential to verify your eligibility within your specific local authority area prior to initiating a Right to Buy mortgage application in Derby.
In our role as mortgage broker in Derby, we possess the expertise to assist you throughout the entire Right to Buy process. We can provide guidance to ensure that you meet all the necessary requirements of the scheme and enhance your chances of obtaining approval from a lender.
To determine your borrowing capacity for a Right to Buy mortgage in Derby, several factors will be considered, including your income, expenses, and overall affordability. It is essential to review and improve your credit score before applying for a Right to Buy mortgage, as it will also be assessed.
While the Right to Buy discount may eliminate the need for a deposit, not all local authorities in Derby permit this, and you may be required to provide a deposit.
In terms of eligibility, any family member who has been associated with the lease for at least a year can purchase the council property through Right to Buy in Derby. Moreover, if you are married or in a civil partnership and live with your partner, you can transfer the lease to them, provided they reside with you.
Receiving benefits should not significantly impact your eligibility for Right to Buy in Derby. However, it is crucial to consider the financial responsibility of monthly mortgage repayments, which may pose challenges on a low income.
Therefore, it is advisable to seek guidance from a mortgage advisor in Derby who has experience with applications from individuals on benefits before proceeding with any mortgage application.
To begin the process, you will need to determine your eligibility for Right to Buy in Derby. You can request an application form from your local housing association or council, who will assess your eligibility and provide information on the property’s value and the applicable discount.
While you do not need to make an immediate decision, please note that there is a time limit to accept their offer. Our services extend beyond arranging your mortgage, as we can also offer advice on solicitors and property surveys when necessary.
During your complimentary initial mortgage appointment, we will collaborate with you to estimate your monthly affordability and find the most suitable mortgage deals based on your circumstances.
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5.00 Rating29 Reviews
Anonymous
Really good service till the end, making sure everything was finalised smoothly. Will definitely use again when needed.
4 months ago
Anonymous
DIna was my mortgage broker and was so friendly and non-judgemental of my circs. I was wanting to buy an ex out the property and pay off some debt - she got me an offer within days. I had used free mortgage advice companies who hasn’t managed...
5 months ago
Liz
I dealt with Dinah who is the friendliest non-judgemental advisor I have ever dealt with . My case wasn’t that straight forward, but within days I had an offer. I have used well known free advice companies before, but didn’t get anywhere with...
6 months ago
Anonymous
They were quick to respond and maintained great communication throughout the process. Emails were answered promptly, making the entire experience smooth and stress-free. Highly recommended for anyone seeking a reliable and responsive mortgage broker!
6 months ago
Donna
Amazing service would highly recommend A+++
1 year ago
Anonymous
Quite helpful and fast in dealing with the proceedings of the mortgage application.
1 year ago
Arron
Good recommendation for 1st time buyers. Made whole process easy and straightforward.
1 year ago
Kudakwashe
Very good 👍
1 year ago
Sarah
I can’t believe the service we have had and we can’t recommend them enough, Matt and the team are amazing. We have had several mortgage offers through them but the houses we have bought have fallen through but nothing has been too much trouble...
1 year ago
Carol
Friendly efficient service, took their time to explain the procedure etc, I would definitely recommend them.
1 week ago
Joshua
Leo is always a pleasure to talk to. Very friendly and knowledgeable, and allows us to ask questions, no matter if we’ve asked before orbits really obvious
1 month ago
Adam
Thank you to Wayne and the team at UK Moneyman, Derby. We were first time buyers, both with adverse credit history and one with sporadic income from agency work. I was finding the whole process of applying for mortgages to be quite stressful and...
2 years ago
Arran
The team over at Derbymoneyman have been incredibly helpful in helping me understand the process of buying a house. A friendly and welcoming team who do all they can to help. Definitely recommended, you feel like the team is invested in helping you.
2 years ago
Gurjeet
Really helpful and clear.
9 months ago
Gemma
From first discussions with Tom to being passed over to Lyndsey, the whole process was easy and seamless. Everyone I have dealt with at Moneyman have been really helpful and friendly, which has helped take the stress out of applying for a...
10 months ago
Matthew
Jenny has been extremely helpful throughout the process and resolved any issues quickly. Thanks!
11 months ago
Susan
Very good service over the moon Wayne and Megan no there stuff
1 year ago
Dean
4 weeks and got my offer very good service from Wayne and Megan can not fault them
1 year ago
Chantelle
This company has helped get a mortgage, when we didn't think we could get one the first time, and we have continued to use them the second time and will reuse them again. They are professional and Friendly and communication is fantastic.
3 years ago
Anonymous
Great service
1 year ago
Discuss your current situation and what you’re looking to achieve with an expert mortgage advisor in Derby.
During this appointment, your advisor will take information surrounding your income and expenditure to work out your affordability.
If you qualify for the Right to Buy scheme, your mortgage advisor in Derby will help you with your application.
Once you submit your Right to Buy application, all that is left to do is to wait for an offer!
Once you have received an offer to purchase your Right to Buy property, your mortgage advisor in Derby will help find a suitable mortgage product for your new home.
Once they find you a product that you are happy with, we can move on to submit your mortgage application.
Throughout your process, a dedicated case manager will keep you informed across every step, through to when you receive your formal mortgage offer and complete your Right to Buy purchase.
Our service doesn’t end here. As well as securing you the best mortgage deal, we will also recommend relevant insurances to keep you and your family protected.
We will also reach out to you when your mortgage is due for renewal to make sure that you are always on the best deal.
We will be with you throughout your mortgage journey, from your first call with us to the end of the process. Your designated mortgage advisor in Derby will be there to answer any questions you may have.
A massive benefit of going to a mortgage broker in Derby, instead of a bank or building society, is that we have access to 1000’s of mortgage deals all fitting for a wide range of customer circumstances.
Beyond this, we can also help with sourcing conveyancing solicitors, as well as advising the best survey for you.
As a trusted mortgage broker in Derby, we aim to help individuals who get in touch including those who are looking to use the Right to Buy Scheme, by providing them expert mortgage advice in Derby.
We understand that the Right to Buy process is not always a smooth journey, which is why we work hard to conquer any obstacles we encounter. Our team are here 7 days a week from early until late to provide mortgage advice in Derby at your best convenience.
Please read our genuine customer reviews, the service you receive and your happiness is really important to us.
Getting in touch with the council or housing association is your first port of call to begin the process. To determine if you are eligible for the Right to Buy Scheme, you will be asked a few questions in order to see if you match up with the criteria.
On condition that you are eligible for the scheme, your local authority will offer you a price to buy the property. From this, you are afforded a chance for some thinking time and are given a deadline of which you will need to provide them with an answer before.
When you have obtained your discounted purchase price via the local authority you now need to contact your Mortgage Broker in Derby for them to assess your eligibility and affordability for a mortgage.
When we have found an appropriate deal for you, it’s then time to let your local authority know that you agree to their offer and agree to their offer would like to purchase the property. At this point we can process your full mortgage application.
By now you would have spoken to your local authority or housing association as well as checked you are eligible to qualify for the Right to Buy Scheme and understand the amount of discount that will be applied. Now, you need to contact a mortgage advisor in Derby.
In doing this, you’ll be able to find out if your circumstances are suitable for taking out a mortgage, which will be checked over by a mortgage advisor in Derby. They will collate information regarding your income and expenditure in order to establish if a mortgage is feasible and affordable for you.
Read our 29 Reviews
Derbymoneyman.com & Derbymoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 9 Gallows Lane, Beverley, United Kingdom HU17 7FJ.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk.
© Derbymoneyman 2025.
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Derbymoneyman.com & Derbymoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 9 Gallows Lane, Beverley, United Kingdom HU17 7FJ.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk.
© Derbymoneyman 2025.
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