capitalfortune

Call us today to speak to an expert

0207 7 100 400

Capital Fortune is a national and
award winning mortgage, buy-to-let
and insurance broker.

Call today to speak to an expert

0207 7 100 400

REQUEST A CALLBACK
Image
As Featured

Right To Buy Mortgages

The government's Right to Buy scheme has been running since the 1980s when the then prime minister Margaret Thatcher introduced it. It allows social housing tenants the right to buy their home from the council at a discount to its value on the open market.

Image

What Our Customers Say

Geoffrey Willis - Purchase
A personal but entirely objective and professional service was provided by James and Stephen. All matters were dealt with promptly and the transmission of sometimes lengthy documents was facilitated by the company’s efficient computer system. In all, a sometimes ...Read More
19 days ago

Guy Shaw-Browne - Remo
Capital Fortune managed to get me a very good mortgage when nobody else could. Its like after 45 years in business and at the age of 66 you have gone past the sell by date for mortgages. Capital Fortune took all my ...Read More
27 days ago

Andy E - Purchase
Our mortgage application was managed by James Drury and Stephen Marsh. From the initial call with James through to our subsequent dealings with Stephen, the whole process was very smooth and clear. The dashboard to upload required information was easy. ...Read More
1 months, 7 days ago

Customer - Purchase
We were guided superbly through the entire mortgage application process by James Drury and Stephen Marsh. We are delighted to have received our mortgage offer. Many thanks. ...Read More
1 months, 10 days ago

Find out more

Top Discount

The top discount you can get varies by local authority and the rules are different in Scotland, Wales and Northern Ireland. In England, you're entitled to a maximum discount of up to £87,200, or £116,200 if you live in London for tax year of 2022/23. This amount increases every year in April in line with inflation.

Housing Association Tenants

Some housing association tenants are also given the right to buy their home, but not all. Whether you qualify will depend on whether the right to buy was preserved in the event that your home was transferred from a local council to the housing association that now owns it.

Image

Extending the Right to Buy scheme

The government has said it plans to extend its Right to Buy scheme to all tenants in housing association properties, but as yet this has not happened.

Image

Using your Right to Buy

In order to use your right to buy, you'll need to get a mortgage - just as you would when buying a property on the open market. Most lenders have options for borrowers buying using the Right to Buy scheme, but they can look at your application differently. For example, some lenders allow you to use the discount you get on your Right to Buy as a deposit, meaning you don't have to raise extra cash to put in. Others, however, do want to see that you have saved a deposit.

Image

A mortgage broker will be able to take you through the options available to you so you are comfortable that you have the right deal for you and that you will be able to afford the monthly repayments comfortably.

Find Out Current Rates

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Think carefully about securing other debts against your home. Your home or property may be repossessed if you do not keep up repayments on your mortgage or any other debts secured on it.

Commercial Mortgages and some forms of Part Commercial & Buy to Let mortgages are not regulated.

Image

Get competitive rate mortgages

Award-winning
Mortgage Advisers

Fast Decisions

National Coverage

Holistic Approach

Comprehensive Panel

Direct Access to Underwriters

no obligation quotes

Get a quote for these services

No Sale, No Fee, Fixed Price

Low Cost, National Coverage

Instant Online Quotes