Right to Buy Mortgage Advice in Scunthorpe

Appointments Available on Evenings and Weekends

01724 786 130 Book Online
Reviews io White Logo

Read our 17 Reviews

Reviews IO Stars

Buy Your House Under The Right to Buy Scheme in Scunthorpe

If you are currently named on the lease on a property owned by the local authority (council or housing association), you may be entitled to the right to buy mortgage in Scunthorpe at a discounted price. Usually, due to the purchase price being discounted, no deposit will be required (though this is not a guaranteed benefit).

What is a Right to Buy in Scunthorpe?

The right to buy scheme is a government-run scheme that allows eligible tenants in Scunthorpe and throughout England to buy the property they are currently renting from the board for a partially discounted price.


If you have spent at least 3 years (not always continuous) renting from a local authority and are secure tenants of a council or housing association-owned property, you may find yourself qualifying for the government right to buy scheme in Scunthorpe.


When purchasing a property via right to buy mortgage in Scunthorpe, the property will be valued at the full market price with the government discount applied before the purchase is made.

How is the discount worked out?

The percentage of the property price that will be used as a discount would entirely depend on varying factors, such as where your currently living, the property you are looking to buy, as well as the length of time you’ve been a tenant under the council or housing association.


One of the key advantages of the right to buy scheme is that because you are utilising an applied discount, there is often existing equity in the house already. The amount of equity, such as the discount, will also depend on various factors, like the value of your discount and the value of the property you want to buy.


We find that those who are looking to use the Right to Buy Scheme are first time buyers in Scunthorpe. As a mortgage broker in Scunthorpe, love helping customers get onto the property ladder. We will be here at every stage of the mortgage process, starting with your first enquiry, all the way to your completion.


Here at Scunthorpemoneyman, with some of the mortgage lenders we have on panel we can look at your options for capital raising options for home improvements, such as a new conservatory, windows or extension.

How does it work? Get a quote nowMeet your advisor

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

Mortgage Lenders 002
Mortgage Lenders 005
Mortgage Lenders 008
Mortgage Lenders 004

How The Right to Buy Mortgage Process Works

Having been an open & honest mortgage broker in Scunthorpe for over 20 years, we have worked with lots of customers looking to utilise the right to buy scheme to get onto the property ladder. There are a few different cases here, this may be possible, but first, you need to confirm your eligibility. Here is how this can be done:

  • First of all, you will need to get in touch with your local council and fill out an application form.
  • Next is a small wait for them to check whether or not you are eligible for the scheme.
  • Once your eligibility has been confirmed, you will then receive a purchase price.
  • Following on from there, you will have a set period of time to accept their offer.
  • Last of all, once you have agreed on their price, we can get started with your mortgage application.

Something we recommend before doing this is sitting down to work out your monthly outs. This can be very useful in the process of buying your home from the local authority, whether a housing association or the board.


We think it’s best if you find out what you have now as a tenant, and then compare it to what it would be like if you were a homeowner. We are happy to provide some help and advice when it comes to this, so you are aware further down the line. Book your free mortgage appointment to speak with an expert mortgage advisor in Scunthorpe today.

Are you looking for right to buy mortgage advice in Scunthorpe?

As a long-term and respected mortgage broker in Scunthorpe, we always aim to help all new / existing customers, including those who are looking at their options for using the right to buy scheme.


From the first time you contact us, until the end of your mortgage process, your dedicated mortgage advisor in Scunthorpe will be with you every step of the way, ready to answer all your mortgage questions and concerns.


Unlike a bank or building society, our team of mortgage experts in Scunthorpe can search 1000s of right to buy mortgage deals on your behalf. Working hard to try and find the best deal that is available, based on your personal and financial circumstances.


We can also assist when it comes to dealing with conveyancing solicitors, helping you to decide on which survey we think would be the best option to go forward with. If you need help with other extra services, please ask your mortgage advisor, and we’ll see if we can do anything to help you.


Our loyal and dedicated team will be here every day of the week to provide help and advice whenever you need us! The Right to Buy process isn’t always easy, and we will help you overcome any hurdles you face. We aim to be clear and transparent and take away your stress, making you feel relaxed and excited for the eventual outcome of being a home owner.


Mortgage advice in Scunthorpe is available in the morning, afternoon, evening or weekend. Whichever time slot fits in with your work schedule, family schedule or anything else, we will have someone ready to speak to you as soon as they possibly can. No matter what, it’s the same service either way!

Reviews Stars4.82 Rating17 Reviews

Common mortgage

The discount provided to you by the council will typically be used by lenders as your deposit towards the property. In some cases though, lenders will require you to put down a deposit as well as the discount, especially if you’ve got a poor recent credit history. Our experienced team of mortgage advisors in Scunthorpe are able to answer your right to buy deposit queries.

Your free mortgage consultation in Scunthorpe with a dedicated advisor will last for approximately 30 mins. From that point, we will then recommend a mortgage for you, with no obligation to accept and proceed if you change your mind at any point.

We will carry out a Fact Find to establish your individual circumstances and needs prior to recommending the most suitable mortgage. A credit check is something that will be required for an Agreement in Principle. Once you have given all the relevant documentation and a valuation of the property has been undertaken, a formal mortgage offer can then be issued to you.

To avoid facing disappointment at a later stage, we recommend you obtain an Agreement in Principle before you begin any property viewings in Scunthorpe. At the very latest you should obtain one before you start making offers, as that will assist your bargaining position.

An Agreement in Principle will generally last for anywhere between 30 and 90 days depending on the mortgage lender. If your Agreement in Principle expires, your mortgage advisor in Scunthorpe can refresh this for you.

It may be possible to get a second mortgage on your home if you’re looking to work towards debt consolidation or any home improvements, as well as if you’re wanting to use it for yourself, a family member, a holiday home or a potential Buy to Let.

If you have a recent history of credit problems, it’s not impossible for you to get a mortgage, though you may possibly be required to put down a slightly higher deposit than typically expected, perhaps 15% of the property purchase price.

The documents you will need if you are an employee are three payslips to prove income and for self employed, you will need the latest 2 years’. As well as this, you will also need proof of ID, address and 3 months’ bank statements.

A free consultation usually lasts up to 30 mins or so. An agreement in principle can be ready for you within 24 hours. It takes on average three weeks for a formal mortgage offer.

You will be eligible for a mortgage but only once you have submitted at least one year’s accounts. Many Lenders calculate the maximum mortgage by taking your salary plus dividend, however, others are known to go off your net profit.

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 Scunthorpe.

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.

Handy quick links

Scunthorpemoneyman.com & Scunthorpemoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.

Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk

The information contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.
Should you have cause to complain and you are not satisfied with our response to your complaint, you may be able to refer it
to the Financial Ombudsman Service, which can be contacted as follows

The Financial Ombudsman Service, Exchange Tower, London, E14 9SR

© 2023 Scunthorpemoneyman

Moneyman Logo

Moneyman Logo

Moneyman Logo

Ask Your Question

    Moneyman Logo

    Moneyman Logo

    Moneyman Logo

    Book your Free Consultation

    7 Days 8am - 10pm

    Moneyman Logo

    Moneyman Logo