RIGHT TO BUY MORTGAGE ADVICE

Staffordshire & Stoke-on-Trent Right to Buy Mortgage Advice

The Right to Buy Mortgage scheme offers tenants the opportunity to purchase their council or housing association home at a discounted price, turning long-term renting into homeownership. At Faulkner Powell Mortgages, we specialise in guiding you through the process, ensuring you get the best mortgage deal to make your dream of owning your home a reality.

How Does Right to Buy Work?

  • If you’re a council or housing association tenant, you may be eligible to buy your home at a discount.
  • The discount is based on factors such as the length of your tenancy and property type.
  • You can use a mortgage to cover the remaining cost after the discount is applied.

Understanding the process and mortgage options available is crucial, and that’s where we can help.

How Does the Right to Buy Scheme Work?

The Right to Buy scheme is designed to help eligible public-sector tenants buy their rented home at a discounted price.

You may qualify if:

  • You’ve been a public-sector tenant for at least three years (not necessarily consecutively)
  • The property is your main home and is self-contained
  • You are a secure tenant (with no legal possession orders against you)

The discount amount depends on how long you’ve been a tenant, the type of property you live in (house or flat), and its market value.

You’ll need a mortgage to fund the remaining balance after the discount, and that’s where Faulkner Powell can help.

What Can We Help With?

Right to Buy mortgages come with specific requirements and time-sensitive steps. We’re here to help with:

  • Confirming your eligibility for the Right to Buy scheme
  • Understanding your discount entitlement
  • Securing the most suitable mortgage to cover the purchase
  • Navigating affordability checks and lender criteria
  • Coordinating with solicitors and housing providers
  • Keeping your application on track to meet strict deadlines

Why Choose Faulkner Powell for Right to Buy Mortgage Advice?

  • Expert Knowledge: We’ll help you determine your eligibility and guide you through the application process.
  • Access to the Best Mortgage Deals: We work with a wide range of lenders to find the most suitable mortgage for your situation.
  • Tailored Support: Every buyer’s financial situation is unique, and we’ll provide personalised advice to ensure a smooth process.
  • Step-by-Step Guidance: From your initial application to securing a mortgage and completing the purchase, we’ll be with you at every stage.

 

What’s Next?

If you’re considering buying your home through the Right to Buy scheme, contact Faulkner Powell Mortgages today. Our expert advisors will help you navigate the process with confidence, ensuring you make the most of this valuable opportunity.

    Faulkner Powell Mortgages will be what is known as the ‘controller’ of the personal data you provide to us. We only collect basic personal data about you which does not include any special types of information or location-based information. Please click on the below questions to reveal the answers

    Why do you need my data and what will it be used for?

    We need to know your basic personal data so we can make contact with you and respond to your message, request or query. All the personal data we process is processed by our staff in the UK.

    Who is my data shared with?

    Your data will only be shared with third parties if this is necessary to respond to your request. If this is the case, we will seek your permission before passing on your details.

    How long do you keep my data for?

    We may store your data for up to six years past the end of any business relationship, after which time it will be securely destroyed. If you would no longer like us to process your data at any time, you have the right to object to processing of your data. To do this, please contact info@faulknerpowell.co.uk.

    What are my rights?

    You have the right to object to the processing of your data. You also have the right to request access to your data at any time. You have the right to rectification and/or erasure of personal data or restriction of processing. If you wish to raise a concern related to how we have handled your personal data, you can contact us to have the matter investigated at compliance@sdlgroup.co.uk. If you are not satisfied with our response or believe we are processing your personal data not in accordance with the law, you can complain to the Information Commissioner’s Office: https://ico.org.uk.