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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.
Our Customers Love Us
4.98 Rating44 Reviews
Keith
Having pursued several other avenues and been met with unsatisfactory and unhelpful responses, we randomly selected UK Moneyman to see what advice they could offer. What a great help they have been, taking time to find the right solution for us and...
1 week ago
Anonymous
Fantastic! Quick with no issues very professional will definitely use again in the future!!
1 month ago
Catherine
I loved that they were straight forward and down to earth. When money matter feel overwhelming, they came with a calm prospective. The advisors have always been relaxed and helpful, and always professional.
3 months ago
Christine
Amazing people ro work with very happy with the service
7 months ago
Mr.
The process was trouble free. I was happy with both the service and the product. I would recommend the company.
9 months ago
Leona
very good service and information provided was clear especially for someone like me who needed guidance as a first ime buyer thank you
10 months ago
K
Excellent service and guidance all the way through the process. Leo and Lizzi were very helpful in finding me the right product.
1 year ago
Diane
Very professional and kept me informed throughout the process of securing our equity release. I would recommend them especially for those who are a little unsure of how equity release works and if it's right for them
1 year ago
Diane
Very helpful, easy to get hold of when needed! Able to answer all my questions
1 year ago
Ajay
Made the process easy and understandable, presented all possible options and advised on what would be best suited for us. Always available to answer any queries or resolve any issues that arise. Would definitely use again in the future.
2 years ago
Luke
Incredibly quick, concise and professional. Regularly kept in he loop and gained all the knowledge required to be able to buy a property. Couldn't of asked for anything more and I can't thank them enough for all the help received.
2 years ago
Carol
Friendly efficient service, took their time to explain the procedure etc, I would definitely recommend them.
2 years 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
2 years ago
Gurjeet
Really helpful and clear.
3 years 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...
3 years ago
Matthew
Jenny has been extremely helpful throughout the process and resolved any issues quickly. Thanks!
3 years ago
Susan
Very good service over the moon Wayne and Megan no there stuff
3 years ago
Dean
4 weeks and got my offer very good service from Wayne and Megan can not fault them
3 years ago
Anonymous
Great service
4 years ago
karan
Fantastic service. From start to finish I had everything clearly explained and the broker always had my best interest in mind. I highly recommend for first time buyers!
4 years ago
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.
Read our 44 Reviews
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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