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RTB Application


Purchasing a property can be complex and time-consuming. However, evaluating property finance options at the earliest possible stage can simplify the process significantly.

Every council is legally obliged to process Right to Buy applications within a specific time frame. If they fail to do so, the tenant may be eligible for an even bigger discount on the price of the property.

Check out our separate ‘Dealing with Delays’ page for more information on potential holdups, or contact a member of the team at UK Property Finance if you have any questions.

If you are interested in purchasing a property through the Right to Buy scheme, the process takes place over six stages as outlined below:

  1. Work out the costs and consider your budget
    Right off the bat, you need to consider whether or not you can genuinely afford to buy your home. Use our Right to Buy calculator to see what kind of discount you may be entitled to, before working out the total costs of buying your home. If in doubt, seek independent professional advice at the earliest possible stage.
  1. Complete the application form
    The RTB1 application form can be completed online, or you can print a copy out, fill it in and hand it to your council. The completed form can be submitted electronically or through regular mail – always use recorded delivery if sending such documents by post. If for any reason your council is uncooperative, speak to a qualified Right to Buy adviser for more information.
  1. Wait for the reply
    In most instances, councils are obligated to reply with a decision within four weeks. However, this is extended to eight weeks where tenants have lived in the landlord’s property for less than three years. In the event that your council fails to keep to their deadline, contact a qualified Right to Buy adviser for support.
  1. Receive an offer
    An S125 offer notice will be sent to you within 8 weeks for a house or 12 weeks for a leasehold property. This offer includes details of the property value, the discount you are eligible for, the total price payable and additional terms and conditions. If you are dissatisfied with the specified value of the property, you have the right to appeal.
  1. Organise your mortgage
    You should already have a good idea in mind as to how you intend to finance the property purchase. This is the time to finalise your mortgage arrangements, which may involve surveys, solicitors, financial advisers and so on. Contact UK Property Finance to discuss the most affordable mortgage options to suit your requirements and your budget.
  1. Take ownership of your home
    When you are happy with the terms and conditions specified by your council and you’ve financed the purchase of the property, you can officially take ownership of your home. After which, you are free to do with it as you wish – renovate it, decorate it, extend it and so on. 

    If you have any questions or concerns about the Right to Buy application process, contact a member of the team at UK Property Finance anytime.

Last Updated: Sep 9, 2019 @ 9:33 am

UK Property Finance is Authorised by The Financial Conduct Authority (FCA)

Association of Bridging Professionals
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