Understanding Right to Buy: Your Pathway to Homeownership
MP
Are you a council tenant dreaming of owning your home? The Right to Buy scheme could be your golden ticket to becoming a homeowner, offering significant discounts on the market value of council properties.
At Mortgage321, we specialise in guiding clients through the complexities of Right to Buy transactions, ensuring a smooth and successful journey to homeownership.
What is Right to Buy?
Right to Buy is a government initiative available in England that allows most council tenants (and some housing association tenants) to purchase their home at a discount. The amount of discount depends on factors such as how long you have been a tenant, the type of property, and its location.

Key Documents Required
Embarking on a Right to Buy transaction requires specific documentation from your Council or Housing Association (HA). Here’s what you need to gather:
- Section 125 Notice: This is the formal offer from your landlord detailing the price you can buy your home for and the discount applied. It also includes conditions of sale and a description of the property.
- Lease or Tenancy Agreement: Proof of your current tenancy is crucial.
- Recent Statements of Rent Account: Demonstrating a clear rent history is essential, especially for the last 24 months.
- Structural Survey Reports (if applicable): These may be required to assess the property’s condition.
The Importance of Your Credit File
One of the first steps in a Right to Buy mortgage application is to obtain a copy of your credit file for all applicants listed on the Section 125 notice. Why? A clean credit history boosts your eligibility for mortgage offers, potentially securing better rates and terms. Disclosing any rent arrears is also crucial, as it affects your perceived reliability as a borrower. At Mortgage321, we advise reviewing and addressing any credit issues early in your application process.

How Mortgage321 Can Assist You
Navigating the Right to Buy process can be daunting, but you’re not alone. Here’s how we can help:
- Tailored Mortgage Advice: We specialise in complex and specialist lending, including Right to Buy mortgages. Our team provides personalized advice based on your financial situation and goals.
- Document Handling and Submission: We’ll guide you through gathering all necessary documents, ensuring everything is complete and submitted correctly.
- Credit Counselling: Our experts will help you understand your credit report and offer strategies to improve your credit score, increasing your mortgage viability.
- Ongoing Support and Communication: From your initial inquiry to handing over the keys, we ensure clear, jargon-free communication, keeping you informed every step of the way.
Why Choose Us?
At Mortgage321, we pride ourselves on our ability to handle the complexities of Right to Buy transactions. Our extensive experience and client-centric approach make us a trusted partner in your journey to homeownership. Founded in 2009 and backed by over 30 years of industry expertise, we are committed to delivering solutions that others may find challenging.
Are you ready to make the leap from tenant to homeowner? Contact us today to find out how we can turn your homeownership dreams into reality. Let Mortgage321 be your guide on this exciting journey.