Can You Buy Your Council House Without a Deposit? Barclays Right to Buy Explained
Apr 11, 2025
Buying your council or housing association home can feel like a dream that’s just out of reach – especially when saving up a deposit feels impossible. But Barclays has shaken things up with a new zero deposit mortgage offer under the Right to Buy scheme.
So, what does this actually mean for tenants? And is it really as simple as it sounds? Let’s break it down.
The Right to Buy scheme gives council and some housing association tenants the legal right to buy their home at a discounted price. You may qualify if:
If you’re a housing association tenant, you might qualify under a slightly different scheme called Right to Acquire. The discounts are lower and fewer homes are eligible, but it’s still a foot on the ladder.
Barclays has made home ownership more accessible by offering zero deposit mortgages to tenants using the Right to Buy scheme. Here’s how it works:
Barclays is essentially treating your discount as equity. If you get a 40% discount, that’s seen as a 40% deposit, meaning you can borrow at 60% Loan-to-Value (LTV) rates.
“A good mortgage broker doesn’t just find you a deal — they save you hours of paperwork, weeks of waiting, and thousands over the term.”
Technically, yes – you can borrow 100% of the discounted price, not the full market value. That means:
This is a huge win for tenants who can afford mortgage repayments but struggle with saving.
While the deal sounds great, it’s worth keeping these in mind:
At Mortgage Broker Near Me, we specialise in Right to Buy mortgages – including Barclays’ zero deposit option.
We’ll:
So you don’t just buy your home – you buy it right.
No, not in England. Scotland and Wales have already scrapped it, but it remains available in England and Northern Ireland.
Barclays is a standout with zero deposit, but other lenders include Halifax, NatWest, Leeds Building Society and more.
Not if you use Barclays – your discount acts as your deposit.
Not automatically. Only those listed on the tenancy and meeting succession rules may qualify.
As of November 2024, between £16,000 and £38,000 depending on your location.
Yes, but only on the discounted price, not full market value.
“Comparison sites show you options. Mortgage brokers show you what’s right for you — based on your goals, not just the rates.”
If you qualify for Right to Buy and want to own your home without the hurdle of a huge deposit, Barclays’ mortgage could be your golden ticket.
But mortgages aren’t one-size-fits-all – and that’s why we’re here to help.
👉 Ready to explore your Right to Buy options?
Get in touch with Mortgage Broker Near Me today. We’ll help you turn your tenancy into true home ownership – without the stress.
Your mortgage deposit isn’t just about saving money, lenders want to see where it came from and that it’s legitimate. Whether it’s your own savings, a gifted deposit, or part of a shared ownership scheme, you’ll need to provide proof and meet the minimum percentage required for your mortgage type. Speaking to an expert broker early can make the process smoother and help you avoid delays.
Read Article
This guide shows example monthly repayments and salary ranges for mortgages between £250k and £600k in the UK. Each example is based on a 15% deposit, 35-year term, 5-year fixed rate at 4.54%, and no existing debt. It’s designed to help you understand how lenders assess affordability, not to give personalised advice.
Read Article
The best life insurance isn’t about the cheapest premium or a brand name. It’s about cover that’s set up correctly, pays out when needed, and fits your financial situation. At Mortgage Brokers Near Me, we make sure policies are structured from the start so your family or business is properly protected when it matters most.
Read Article
Whether you have questions about our services, need support, or want to share your feedback, our dedicated team is here to assist you every step of the way.
Copyright © 2025 Mortgage Brokers Near Me - All Rights Reserved.
Mortgage Brokers Near Me LTD is an Appointed Representative of The Right Mortgage LTD which is authorised and regulated by the Financial Conduct Authority. The guidance and/or information contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK. The Financial Conduct Authority does not regulate Will Writing and some forms of Trusts and Buy to Lets. A fee may be charged for mortgage advice. The exact amount will depend on your circumstances.
Your Home (or property) may be repossessed if you do not keep up repayments on your mortgage or any other debts secured on it.
Mortgage Brokers Near Me LTD are registered in England and Wales with company number 15189091.
C/O The Financial Management Centre, Meads Business Centre, 19 Kingsmead, Farnborough, England, GU14 7SR
.png)
.png)
.png)
