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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.
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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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We would have given them 20 stars. Both Warren & Lizzi have worked so hard on our behalf, in what has not been the smoothest of circumstances. They have been so professional and kept us updated. Would thoroughly recommend this company. With grateful thanks in getting us our mortgage.
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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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Amazing company! Used them many times since 2018 and always a high standard of service! Would definitely recommend!
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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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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
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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
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What a fantastic team. Can’t recommend them highly enough. Warren and Johnathan were so professional and so easy to talk and explain things to. Everything about my remortgage went smoothly thanks to them. I will certainly be recommending them to friends and family. Thank you guys for all of your help, couldn’t have done it without you.
20 Mar 2026
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.
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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 2009–2026
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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 2009–2026
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