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The Right to Buy Scheme is a government ran scheme that allows tenants who are eligible to purchase the council property that you are currently renting with a discounted purchase price, oftentimes removing the need for a deposit to be put down.
In order to meet the requirements for passing eligibility, you have to have been a local authority tenant for as least 3 years (not always continuous), living in properties owned by the local council or housing association.
So long as they can meet the affordability requirements for the property and have a good credit score, along with having the aforementioned 3 years of being a tenant, the Right to Buy Scheme may be available to you as a first time buyer looking to get onto the property ladder.
Getting in touch with a mortgage advice in Coventry is helpful if you are wanting to know if you are eligible. To keep up-to-date on the latest rules with the scheme, look on the government Own Your Home website.
A variety of factors come into play to determine how much discount the home buyer receives, including how long you have been a tenant within the public sector, the type of property you are looking to buy with a Right to Buy in Coventry, as well as how much that property is worth and where you live.
At Coventrymoneyman, we have an incredible team of dedicated mortgage advisors in Coventry who work hard to help as many customers as they can.
Making use of their in-depth industry knowledge and experience, our team pride themselves on providing fast & friendly mortgage advice in Coventry.
To determine the amount you can borrow for a Right to Buy mortgage in Coventry, your income, expenditure, and overall affordability will be assessed.
Additionally, your credit score will be checked, so it’s crucial to review your credit score and work on improving it before applying for a Right to Buy mortgage.
Our mortgage advisors in Coventry can work how much you can borrow for your Right to Buy.
Simply get in touch and book your free initial mortgage appointment with one of our experts – it’s free!
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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196 5 Star Reviews
Alex Campbell
Amazing help from these guys, we are first time buyers and Warren was our dedicated Morgate advisor and he made the whole process seem easy and straightforward, he went above and beyond to help me and my partner and explained it all in great detail, best of all he was very down to earth and gave it to us strait. Would 100% recommend
15 Jul 2026
Steve Taylor
Excellent Customer Service from initially Dan who arranged our Lifetime Mortgage. The members of the Admin Team were always friendly and helpful. Special mention to Kerry Bewell for her willingness, post-completion, to help when needed. I would definitely recommend UK Moneyman to others.
6 Jul 2026
Dan
Couldn't recommend more! Conor's service was excellent from start to finish and make the process as easy and smooth as possible especially since we didn't even know where to start.
6 Jul 2026
Eva Elliott
We used money man to help us find a mortgage for our first house nearly 7 years ago. They were brilliant at helping us navigate as self employed people. We are just about to use them for our next house!
1 Jul 2026
Rob Shireby
Chris, Ami and Malcolm are all great people, very good experience.
24 Jun 2026
keith mantle
UKmoneyman helped us to obtain a mortgage.. They are a professional and helpful companywho we would reccomend to anyone seeking a mortgage Regards, Keith & Sandra Mantle
12 Jun 2026
Adam Bateman
Just wanted to comment on the experience I have had dealing with uk moneyman for my re mortgage. The team have been excellent throughout, special shout out to Stacy Waudby who has been a pleasure to deal with and has really been pro-active and helpful. I would definitely recommend them to anybody looking for independent mortgage advice
9 Jun 2026
amber sheridan
Ami has been great. She explained everything clearly and answered all of our questions (silly or not). Communication was great, genuinely couldn't recommend this service or our advisor Ami more.
28 May 2026
Keith Hirst
UK Moneyman have helped with my mortgage and remortgage for many years. Always really helpful and knowledgeable. My latest remortgage was done with Conor, who was great at making sure I was getting not just the best deal, but the right deal for my needs.
22 May 2026
Victor Abrams
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
15 May 2026
In order to find out if you are eligible for the scheme, you need to get in touch with the council or housing association that owns your property. As well as this, you will be asked a series of questions to see if you match up against the criteria.
As soon as you know you qualify for the scheme, your local authority will offer you a price to buy the property. From this, you get a set time to make a decision so there is no need to make a choice straight away.
When you have got your discounted purchase price from the local authority, you then need to speak to your mortgage broker in Coventry to check our eligibility and affordability for a mortgage.
As soon as our team have found you an appropriate deal, you will be able to apply to your local authority stating that you would like to purchase the property, then it’s time to process your full mortgage application.
By getting in touch with a reputable Mortgage Broker in Coventry, like ourselves, you can see if you are eligible by requesting information about your income, expenditure and financial management to see if a mortgage is achievable and affordable.
It would be beneficial that you contact a mortgage advisor in Coventry when you know the precise amount you are looking to buy the property for.
As providers of clear and simple mortgage advice in Coventry, we pride ourselves on our ability to excel beyond the realms of standard mortgage advice in Coventry, giving our customers the absolute best we can offer.
Our team work very hard to help as many customers as they possibly can, in reaching their mortgage goals. This includes people looking to take out a Right to Buy in Coventry.
One of the largest benefits of using a Mortgage Broker in Coventry is the fact that we as a company are able to access literally 1000’s of mortgage products in order to find the most suitable one for what you are looking to achieve.
Your mortgage advisor in Coventry will always be on hand to answer your questions, from the start of your process until the end of it and even beyond that. Customer satisfaction is our number one priority, we’re here to help you in any way we can.
If you need any help arranging conveyancing solicitors, we can also help in this area by recommending the most appropriate one. Inform your mortgage advisor in Coventry if this is something you would like help with.
We understand the Right to Buy process can come with its obstacles which we always aim to overcome these. Our team are here available to provide Mortgage Advice in Coventry 7 days a week from early in the morning until late at night to provide a service that works around you.
Obtaining a Right to Buy in Coventry can often have hurdles in your path. We are focused on helping you as a customer, to overcome those hurdles as we progress further towards mortgage completion. When you enquire for mortgage advice in Coventry, you’ll benefit from a stress-free process.
Our Home Buying App is a digital mortgage coach designed to help you save up, plan, and track your home buying journey – whether you’re buying your first home, or fancy a move.
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Coventrymoneyman 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.
© Coventrymoneyman 2009–2026
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Coventrymoneyman 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.
© Coventrymoneyman 2009–2026
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