Published 25 November 2024 · Last reviewed 1 May 2026
If you got your Right to Buy application in by the 21st November 2024 deadline here is what to expect.
Right to Buy Application Process and Timeframe Guidelines
1. Track Your Application Progress
- Acknowledgment Letter within 4 weeks (or 8 weeks if you’ve been a tenant for less than 3 years).
- Stay in Communication. Make sure you are following up the Council.
- 2. Understand the Valuation Process
- The council will arrange a valuation to determine your property’s market value. This will form the basis for your discount. If you disagree with the valuation, you can request an independent valuation.
3. Right to Buy Section 125 Offer Notice, which includes:
- The property’s valuation and the price you will pay.
- Service charge details (if leasehold).
You’ll have 12 weeks to decide whether to accept the offer, reject it, or appeal the valuation.
Right to Buy “Mortgage” Application Process and Timeframes
Start Preparing Your Finances by choosing the right Mortgage Broker
At Niche Advice we arrange Right to Buy Mortgages with nearly 40 Lenders at our disposal.
- Property type. Solutionsfor all the main types including flats with balcony/deck access and in high rise blocks.
- Affordability. Whether employed, self-employed, contractors, zero hour contracts, working for family – we have solutions. We also can factor in state benefits (not housing).
- Mortgage Size. No minimum to over £2 million.
- Credit Report. Small and large credit issues considered. We recommend Checkymyfile as it references all the main agencies. Please let us know if you have rent arrears as they are unlikely to show on the report.
- Borrow additional funds for home improvements. Mortgage options available butyou need to check with the Council that they will allow you to borrow more for this reason.
- Large product choice. Including Mortgage schemes with free valuation and product fees.
- No upfront Broker fees. One-off fee once you are the homeowner.
NEXT STEPS
- Mortgage decision-in-principle
Ahead of the Right to Buy Offer papers we can start the decision-in-principle based on the approximately values. This will give you a clear indication of the Mortgage Lender acceptance and product terms. - Solicitor choice
Select a legal representative to help you with the legal process. If you want a recommendation just let us know. - Full Mortgage application
Once you have the Right to Buy Offer, we can finalise the figures and make your mortgage application. - Mortgage underwriting and mortgage valuation.
- Mortgage Offer.
- Legal stage.
- Exchange and Completion. Become the owner.
Make the most of your Right to Buy journey by allowing us to oversee the Mortgage process ensuring you get the most suitable product, and avoid unnecessary delays or pitfalls.