Right to Buy

Fish4Mortgage is located in Weston-super-Mare, Somerset & is the area’s leading Mortgage Broker with over 25 years of knowledge in the field. We specialise in many areas including re-mortgages, first time buyers, commercial mortgages, general insurance & secured loans. Explore our website to find out more information & also go ahead & use our Mortgage Calculator to see what deals are available to you.

What is Right to Buy?

If you rent a local authority property the chances are that you will have a right to buy the property at a discount from the local authority, this means that subject to your income you will not need a deposit as the mortgage lender will accept the discount that the council are giving you as you deposit.

In many cases this means that that not only are you able to buy the property at a discount your mortgage rate will be less than if you purchased in the private sector. Not all lenders accept right to buy applications so consult a whole of market mortgage broker for your best options.

How much will my discount be?

The maximum right to buy discount is:

  • £108,000 in London
  • £80,900 for the rest of England
  • £8,000 in Wales
  • £24,000 in Northern Ireland
  • In Scotland the scheme ended on 1 August 2016.

If you sell within five years you will have to pay back your total discount, or some of it, plus a share of any profit.

Can I apply?

Yes, if:

  • You’ve been a council or public sector tenant for three years
  • The home you want to buy will be used as your main home
  • You don’t share rooms with other people – i.e. the property is self-contained
  • Your landlord is the council, a housing association, NHS trust or other public sector landlord

Also:

  • You can apply for Right to Buy with someone else who shares the tenancy with you; or with as many as three members of your family if you’ve lived together for at least the past 12 months
  • If the council sold your home to another public sector landlord while you were living there, you may still buy it under ‘Preserved Right to Buy’

When don’t you have a Right to Buy?

  • If you’re under threat of eviction, are bankrupt or have large debts
  • If your home is reserved for the elderly or disabled
  • When there’s a shortage of housing

How do I start the process?

Ask your landlord for a Right to Buy form. Once you’ve posted it, your landlord must reply within four weeks.

If the answer is no they must say why, and if the answer is yes they’ll send you an offer.

You can also speak to the Right to Buy Agents’ service which will signpost tenants to no-obligation independent advice and to help them with the application process.

Right to Buy useful contacts

How much will it cost to buy the property?

Your landlord will name their price and explain the discount.

If you don’t think it’s fair you can ask for a valuation from the independent Valuation Office Agency from HM Revenue & Customs.

  • The landlord’s offer will include a description of the property and any land, details of any structural problems and an estimate of the service charge (if any) for the first five years
  • The landlord must tell you if there are restrictions on who you can sell your home to later. This could make it more difficult to get a mortgage
  • You have 12 weeks to decide whether to go ahead

Can I change my mind?

Yes, you can pull out of the sale and carry on renting at any time.

Raising the money

This is where we come in, most buyers will need to take out a mortgage to pay for their home. Here at Fish4Mortgage we have helped many people over the years take out a mortgage for their right to buy home, as a whole of the market broker we will scan the whole market so no matter who the lender we can find you the best interest rate deal to suit your circumstances.

 We will also help guide you through the sometimes confusing and frustrating right to buy process.

Talk to one of our advisors today and ask them about right to buy, we have evening and weekend appointments available if required also.

Right to Acquire

Right to Acquire will end in Wales for all Council and housing association tenants on 26 January 2019.

Right to Acquire is a scheme offered in England and Wales for housing association tenants who don’t qualify for Right to Buy.

  • You must have been a tenant for three years and be buying your property to use as your main home
  • You can’t join the scheme if you’re under threat of eviction, bankrupt or if you have any large debts
  • If properties are due to be demolished, or are provided for the elderly, disabled or those in certain jobs, they are not eligible
  • Discounts are lower than under Right to Buy and typically range from £9,000 to £16,000

In England

To qualify for the scheme, your landlord must be a housing association or on the register of social housing providers.

Your home must have been built with public funds or taken over from a local council after 1 April 1997.

In Wales

Your landlord must be a Registered Social Landlord regulated by the Welsh Government.

Talk to us today

Chat to one of our friendly advisors about ‘Right to Acquire’ today and we’ll do our best to assist you. In most cases we can help.

So for the most competitive mortgages on the market telephone us now on

01934 519 111 or freephone 0800 567 7482

or fill out the form below & one of our qualified advisers will call you back shortly.

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have been trying to move for 3 years, husband been on and off self employed - no one would/could help - we have never missed a payment, squeaky clean and it was still a battle - I couldn't sell the house so did a HMO on my house and a new mortgage on the house of my dreams - it was one hell of a battle - I cannot even begin to big up our TIm - he was honest, supportive when I threw my toys out the pram, kept me going when I thought all was lost and he got the bloody offers - this man and this company are the best - I work in conveyancing and understand the stress and I fight for my clients - Tim and Fish4Mortgage are the first people I have met in 30 years that give it all they got and then some - when everyone else tells you there's no way - don't give up - there is always a way and if anyone is going to get you where you want to be it's my Timmer - I have made a friend for life - Thank you all so so so so so much xxxx Bethylemonpie xxxx
Tilly Humphries
Tilly Humphries
18:00 29 Oct 19
Thank you Tim for helping us buy our first home, you really went above and beyond what we expected. Absolutely faultless service.
Holly Jayne Burgess
Holly Jayne Burgess
22:11 19 Jul 19
Excellent service from Tim McElroy. would highly recommend......
Ian Grehan
Ian Grehan
11:11 08 Jun 19
We’re very impressed with the service we received from Fish4Mortgage. Our case involved two mortgages, which initially felt daunting, but with Tim McElroy’s professional guidance and reassurance, he really helped to diffuse any stress’s. We wouldn’t hesitate in using Fish4Mortgage in the future.
Daniel Oxley
Daniel Oxley
06:30 05 Jun 19
We cannot thank Brian enough for his help with us purchasing our property. Brian went above and beyond and liaised with solicitors and fed back all information. Brian has been helpful from start to finish and without his help we probably wouldn’t have got where we are today. I would highly recommend Brian, not only was he professional throughout but exceeded customer expectations. Thank you Brian.
Emma Bull
Emma Bull
13:09 23 May 19
I contacted fish4mortgage and booked a appointment with Tim, he was very knowledgeable and gave me some excellent advice. A very professional company that l would recommend 5 stars.
Jason Hopkins
Jason Hopkins
19:42 16 May 19
Dear Paul and Claire We really appreciate all the work you put in to helping us get our mortgage. You absolutely went above + beyond all our expectations. Thank you so much.
Magdalena Bak
Magdalena Bak
04:04 31 Mar 19
Extremely helpful and made everything very easy, highly recommended
Alex Stephens
Alex Stephens
10:23 28 Mar 19
Extremely helpful and made everything very easy, highly recommended
Alex Stephens
Alex Stephens
10:23 28 Mar 19
Brian always deals with our queries and mortgages in a friendly, and professional way. Cannot fault the service provided.
Kim Covele
Kim Covele
15:47 20 Mar 19
Couldn't fault Fish4Mortgage when helping us buy our house! 5 stars from start to finish, would highly recommend Claire.
Amy Tebay-Hunt
Amy Tebay-Hunt
14:33 20 Mar 19
Couldn't fault Fish4Mortgage when helping us buy our house! 5 stars from start to finish, would highly recommend Claire.
Amy Tebay-Hunt
Amy Tebay-Hunt
14:33 20 Mar 19
a massive massive thank you too Tim for saving mine and my friends very cold butts after we broke down we popped a tyre on a pot hole!! not only was you incredibly kind and the only ones of many to actually stop and help but also patient we are now safely on the road again a quick stop at halfords for some new nuts and back home we go we both hope you and your family had a good Sunday in the end good people like you are hard to find!!!
Loren Martyn
Loren Martyn
15:09 17 Feb 19
Fantastic service and stuck with us and helped us through our mortgage application to success
Ronnie Clist
Ronnie Clist
18:57 09 Oct 18
I contacted Fish4Mortgage reference me and my husband obtaining a mortgage. Due to our circumstances (new business etc) we had been previously informed that the option of a mortgage was not possible for another 3 years. Tim invested a lot of time into researching our situation and contacting lenders to decide if we could join the property ladder. Against all other advice it seemed that the option was there however rather than thinking the way other businesses do in the sense we could make him some money he soundly advised us that now was not the best time. We will be back next year Tim to see what you can offer us but in the mean time I am truly thankful for your professionalism and honesty. Highly recommended.
Rachel Brittondggnv
Rachel Brittondggnv
19:03 05 Sep 18
We would highly recommend Fish4Mortgage, in particular Brian, who went above and beyond to answer all our queries and obtain what we were hoping to achieve. Always on hand to reassure and give advice in a very professional but friendly manner, making the whole process relatively stressfree. Can't thank him enough, and will definitely deal with them again in the near future.
We would highly recommend Fish4Mortgage, in particular Brian, who went above and beyond to answer all our queries and obtain what we were hoping to achieve. Always on hand to reassure and give advice in a very professional but friendly manner, making the whole process relatively stressfree. Can't thank him enough, and will definitely deal with them again in the near future.
Julie Wingrove
Julie Wingrove
16:14 04 Jul 18
3 members of my family have used Fish4mortgage to get our homes, and we are all happy to recommend them to our friends and family, and to you.Tim offered the finest service i could have hoped for, and went the extra mile when the seller and his solicitor made things extremely ackward.He got me a great mortgage and explained things very thoroughly, i felt i was in good hands at all times.I will have no hesitation in going back here to handle my remortgage when the time comes, and i strongly recommend them to anyone who is reading this review.Thanks for all the assistance!
Matthew Edwards
Matthew Edwards
23:30 14 Jun 18
Good evening Tim,Thank you very much for all of your help. You have been very professional and helpful at all times. When I first started the remortgage process, I had very little knowledge and understanding of what needed to be done. Every question that I asked was returned with a very quick and easy to digest response, which has made this a very smooth process for me. I look forward to working with you and your company again in the future and would have no hesitation in recommending you again.
Andrew Woodley
Andrew Woodley
12:05 26 Apr 18
We experienced an efficient and stress free process and our mortgage application was completed within 4 weeksThank you Brian for a great service.
Fiona Macinnes
Fiona Macinnes
20:06 03 Mar 18
From start to finish Tim was amazing, couldn’t do enough for us, helped us every step of the way selling our old house & buying our new one. Tim kept in contact all the way through & went above & beyond to ensure our move went through as smoothly as possible. Highly recommended !!!
Mark Bailey
Mark Bailey
21:14 02 Jan 18
We were looking to by our first house and went in completely blind. Everybody at fish4mortage were brilliant. But a special thanks to Tim. From start to finish everything ran so smoothly. Any issues or queries we had he was always ready on the other end of the phone and kept in contact religiously every step of the way. Highly reccomened to everybody!! 5*
Michael Woodward
Michael Woodward
08:19 19 Aug 17
My mum tried for a mortgage 7 years ago, however debts from a business made her lose the mortgage that they agreed. She then tried other places but was refused by mortgage companies. She then tried again recently, going to different mortgage brokers and banks, one person quoting 'he would eat his hat if she was given a mortgage.' 🤔😕 She then gave up and thought she would have to sell her house, to pay her ex husband out. Luckily she was recommended Fish4Mortgage, and they were the only ones to get her a mortgage. Bearing in mind she is a foster carer and had massive debts, normally they would not entertain this criteria. They were amazing and worked above and beyond on her behalf and now she can proudly say she has kept her house thanks to them. Cannot recommend enough! Needless to say... She hopes the previous man has a sumbero.Thanks to Claire and all the team, you were amazing!
Khalid Barmaki
Khalid Barmaki
10:39 06 May 17
For first time buyers it can be very scary, but they made sure we had the best mortgage possible and was always there for advice, would highly recommend.
Nikki Curtis
Nikki Curtis
15:44 17 Feb 16
Brian Frost
Brian Frost
09:29 17 Feb 16
For a first time buyer like myself mortgages seem daunting and complicated, however the team at fish4mortgages made it simple and stress free as well as saving me money. Couldn't recommend them enough.
Patrick Berryman
Patrick Berryman
22:10 16 Feb 16
Highly professional and very helpful ! Would recommend to anyone looking for help with mortgages !
Lizi Macbeth
Lizi Macbeth
22:09 16 Feb 16
Really friendly service !! Would highly recommend the team 🙂
Emma Fox
Emma Fox
17:20 16 Feb 16