Right to Buy in Nottingham

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Buy your council house under a Right to Buy in Nottingham

If at the moment you are currently residing in a council house and you are named on the tenancy agreement, you may be eligible to purchase your home from the local authority (this is usually the council or housing association) for a discounted price.


Generally speaking, you’ll find that because you are being given a discounted purchase price, you won’t be required to put down a deposit (though this isn’t always the case).

What is a Right to Buy in Nottingham?

The Right to Buy Scheme is ran by the government, and will allow any eligible tenants who are living within England, to purchase their current rental property from the council for a slightly discounted price.


So long as you have spent at least 3 years (this doesn’t always have to be continuous) renting from your local authority and are secure tenants of your local authorities property, you may be eligible for a Right to Buy in Nottingham.


When you purchase a property via Right to Buy in Nottingham, that property will be valued at the full market price with the discount from the government being applied before you make your purchase.

How is the discount is worked out?

The discount will be at a percentage of the property price. This discount is determined from a few different factors, such as where you are living, as well as how long you have been a council tenant.


Something that is perceived to be a major advantage for taking out a Right to Buy in Nottingham is that because of your discount, there will be equity already in your house. Again, there’s a lot that will determine how much, such as your discount amount and the properties true value.


For the most part, we find that it is first time buyers who are looking to do a Right to Buy in Nottingham. As a Mortgage Broker in Nottingham, we work with you, the customer, supporting and guiding you through every step of the mortgage process. This is the case from when you first get in touch, all the way until completion.


How does it work? Get a quote nowMeet your advisor

We search 1000s of mortgage deals across a large number of lenders, including:

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How does a Right to Buy in Nottingham work?

Throughout our time working in the industry as providers of fast & friendly mortgage advice in Nottingham, we have helped all kinds of customers to get onto the property ladder using a Right to Buy in Nottingham. There are a different ways you may be able to do this, but first you will need to make sure that you are definitely eligible. Here is how you can go about finding this out:


  • First of all, you will have to contact your local council or housing association and fill out an application form for the scheme.
  • Your next step will be a small wait, whilst they check your details to make sure you are eligible for a Right to Buy in Nottingham.
  • Once they have confirmed your eligibility, you will be offered a purchase price on your home.
  • From that point onwards, you will be given a specific period of time for you to accept their offer.
  • Finally, once you have agreed on the price that they have offered, we can get started with your mortgage application.


We always recommend that you sit down and work out all of your finances before taking on something like this. Figure out your income and your outgoings, in order to better prepare for the journey ahead. Doing so can give you a much clearer idea of the money that you are going to have free for your potential mortgage payments.


The way we would personally do it, is to look at what you have now as a tenant, then compare all of that to how it could be for you as a homeowner. Our dedicated mortgage advisors are more than happy to offer you their guidance on this, to make sure you are mortgage ready for the future.


Book your free mortgage appointment online today, to speak with a trusted Mortgage Advisor in Nottingham.

Are you looking to speak with a Right to Buy Mortgage Advisor in Nottingham?

As an open & honest mortgage broker in Nottingham, we always aim to help our customers, including those who are in the market for a Right to Buy in Nottingham.


From your first point of contact, all the way through until your mortgage completes, your trusted and experienced mortgage advisor in Nottingham will work alongside you, ready to answer all of your questions.


Our team of mortgage advice experts in Nottingham are able to search through 1000s of mortgage deals for you, working hard to try and find you the perfect mortgage deal for your circumstances.


We can also offer our assistance when it comes to arranging conveyancing solicitors, helping you to decide on which survey would be right for you to choose. If you need any help with other additional homebuyer services, please feel free to ask your mortgage advisor. They will do their best to help in any way that they can.


Our loyal team of mortgage advisors in Nottingham will be on hand to provide guidance all throughout the week, from early until late. The Right to Buy process isn’t always straightforward and we will do our best to help you over any hurdles you come across. We aim to reduce your stress levels, helping you to feel both relaxed and excited for your mortgage outcome.


Mortgage Advice in Nottingham is accessible at times that best suit you. We have time slots to work around both your work and personal life, from early until late, including weekends, subject to availability.


Please take a look at our amazing customer reviews. They are a genuine reflection of the level of service we always strive to provide our customers with.

Reviews Stars4.95 Rating295 Reviews

Common mortgage

Typically, mortgage lenders allow you to use your Right to Buy discount as a deposit. That being said, some mortgage lenders may require an additional deposit to ensure that you are able to afford a Right to Buy mortgage in Nottingham.

Our dedicated mortgage advisors in Nottingham will provide you with a free mortgage appointment that typically lasts around 30 mins.

During this appointment, we will gather information about your financial and personal situation.

Based on the information obtained during the consultation, your mortgage advisor in Nottingham will then search for the ideal mortgage deal tailored to your specific needs.

If you are satisfied with the mortgage offer presented by your mortgage advisor in Nottingham, the next step is to proceed with your mortgage application.

Our mortgage process is composed of several stages. Firstly, we will ask you to complete our Fact Find to provide us with a clear understanding of your mortgage needs and goals.

Next, you will have a free appointment with a mortgage advisor in Nottingham, who will begin searching for mortgage options that are tailored to your individual circumstances. If we find a suitable offer that meets your requirements, we can proceed with your mortgage application.

To obtain an agreement in principle, we will conduct a credit check on you and gather supporting documents to validate your mortgage application.

Once we have submitted your mortgage application, we will wait for a formal mortgage offer to be issued.

We highly recommend obtaining an agreement in principle before you start viewing properties if you’re planning to apply for a mortgage.

This is because an agreement in principle is usually required to make an offer on a property, and it can also help you negotiate prices.

As a mortgage broker in Nottingham, we can help you to obtain an agreement in principle from a mortgage lender, which demonstrates their willingness to grant you a mortgage based on your financial circumstances.

With an agreement in principle in place, you can have a better idea of what properties you can afford and approach the buying process with more confidence.

The validity period of an agreement in principle (AIP) typically ranges from 30 to 90 days, but this may vary depending on the specific mortgage lender.

In case your AIP expires before you find a suitable property, you can easily renew it by contacting your mortgage advisor in Nottingham or the mortgage lender.

As a mortgage broker in Nottingham, we often see customers seeking a second mortgage for various reasons. Some of the most common reasons include:

– Consolidating debt.
– Making home improvements.
– Investing in a buy to let property.
– Other reasons, such as purchasing a holiday home or helping a family member with a mortgage.

Obtaining a mortgage may be a bit more challenging if you have a history of bad credit, but it’s not impossible!

In such cases, some mortgage lenders may require a slightly larger deposit from you, typically around 10-15%.

Whilst this is the case, there may still be many options available to you, and as an experienced mortgage broker in Nottingham, we can help you find a mortgage lender that is willing to work with your situation.

Submitting at least one year’s worth of accounts increases your chances of getting approved for a mortgage.

The mortgage lenders we work with typically consider your salary plus dividend to determine the maximum mortgage amount.

Some lenders may base their calculations on your net profit. The criteria varies from lender to lender.

– Photo ID (Driving license, Passport, etc.).
– Proof of Address (Utility bills, tax bills, credit card statements, etc.).
– Latest 3 months’ payslips & Latest P60 (employed applicants)
– Latest 2 years’ tax calculations and corresponding overviews (self-employed applicants)
– 3 months’ bank statement proving the deposit being built-up with an explanation for any large credits.

Typically, your free mortgage appointment in Nottingham will take approximately 30 mins.

After the appointment, we can provide you with an agreement in principle, usually within 24 hours. Once you have decided to proceed, the next step is to submit your mortgage application.

On average, it takes about three weeks to receive a formal offer from the mortgage lender.

We make it so easy!
Our 4 step process

Step 1

Contact the council for an application form and check your eligibility for the scheme.

Step 2

You'll receive a purchase price and from there we can take some initial details and book you in with a Mortgage Advisor in Nottingham.

Step 3

From there your dedicated advisor will work by your side, ensuring the process goes smoothly.

Step 4

We’ll try to find you the most appropriate mortgage deal. We’ll be there to support you, right through to completion.

A telephone call where we can take some initial details and find out about your plan of action.

Enjoy finding a property!

Make an offer on the property you set your heart on – we’ll finalise your figures and help you to get a good deal.

Our mortgage recommendation. We’ll try to find you the best mortgage deal. We’ll be there to support you, right through to you getting your keys.

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The information contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.
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