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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 discounted price can be influenced by the property's market value, the length of time you've been a public sector tenant, the location you are in and the type of property you are buying. Specific calculations can vary, so it's always worth checking with someone to know the specifics of what you may be entitled to. 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 a mortgage advice in Derby can be helpful to see if you are eligible.
Alternately, to keep yourself updated with the rules and regulations, you can also 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 advice to ensure that you meet all the necessary requirements of the scheme and enhance your chances of obtaining approval from a lender.
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.
Our Customers Love Us
5.00 Rating32 Reviews
Shaun
Very fast and helpful
2 months ago
Warren
Myself and brother Wayne really appreciate your patience with us as first timers can be ambiguous
3 months ago
Anna
Very good and very effective. Easy to understand and communication was second to none
5 months ago
Anonymous
Really good service till the end, making sure everything was finalised smoothly. Will definitely use again when needed.
11 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...
1 year 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...
1 year 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!
1 year 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.
2 years ago
Kudakwashe
Very good 👍
2 years 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...
2 years 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
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 most suitable 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 most suitable 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.
Read our 32 Reviews
Derbymoneyman 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.
© Derbymoneyman 2025.
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Derbymoneyman 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.
© Derbymoneyman 2025.
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