About The Author

mortgage broker damian youell

See some of Damian’s client reviews below

Damian is an experienced mortgage broker, founder of NeedingAdvice.co.uk Ltd and company director. With over a decade working as a mortgage broker he has a strong understanding of hard to place mortgage cases. With hundreds of 5 star client reviews. hundreds of repeat clients his work speaks for himself.

He started NeedingAdvice.co.uk as a one man band with the philosophy of putting clients needs ahead of his own. This ethos of offering excellent customer service has helped the business grow over the years. He gets satisfaction on getting cases pushed through to offer stage where other mortgage broker and companies have failed.

Throughout his time as an adviser he has carved out a niche area of advice helping clients with their business protection requirements too. Having helped hundreds of client with Relevant Life Policies, Shareholder Protection Insurance, Keyperson Policies and other important protection requirements of large to small businesses.

At home he is a family man and likes to spend his time with his four children and wife Lisa. He enjoys going on holidays spending time with friends and going for walks.

Damian Youell

Feel Free To Start WhatsApp Chat With Us...

How We Work

1: We contact you and take down your details, income outgoings, name, address etc.

2: We will research the whole market and email you a detailed quote as well as a list of documents to proceed.

3: You upload the documents and information needed via our channel our online portal.

Feel Free to Contact Us

Can You Explain the Right to Buy Scheme?

The Right to Buy scheme was implemented by the government in 1980. It provides assistance to individuals living in council houses or housing association homes in order to help them purchase their own property. Pilot schemes have been implemented in various areas by the government since its introduction. Those who are eligible for the scheme may be entitled to a significant discount, which increases each tax year in line with inflation. This could result in saving a significant amount of money towards buying your home.

The Right to Buy scheme is currently limited to council house and housing association tenants in England. A similar scheme in Scotland came to an end on July 31, 2016.

The Welsh scheme concluded in 2019 

Applicants may qualify for a discount under the Right to Buy scheme if:

  • You have been a tenant in the public sector for a minimum of three years.
  • Homeownership does not involve sharing ownership with the local Council.
  • You are a former housing association tenant.
  • You can rent from a housing association, NHS trust, a council, or another public sector landlord.

Is Right to Buy available to Northern Ireland Residents?

The House Sales Scheme for housing association tenants has been discontinued, with the application deadline set on August 27, 2022. Under the program, individuals could receive a discount of up to £24,000 with at least 5 years of housing association tenancy. If the deadline was missed, the Housing Executive’s House Sales Scheme could be considered as an alternative option. The scheme provides discounts for Housing Executives or housing association tenants looking to purchase their first home.

How Does the Right to Buy Scheme Work?

Organization is essential for a smoother and more efficient Right to Buy process. The government’s Own Your Home site outlines these key steps:

  • Calculate your budget and seek guidance on what is within your financial means.
  • Consulting with a financial expert to review your budget can help determine if your home is affordable.
  • Complete your RTB1 application form either by obtaining a copy from your landlord or filling it out online –
  • Wait for your landlord to respond. Depending on the length of time you have been a tenant, they have up to eight weeks to confirm your eligibility.
  • Once you are deemed eligible, your landlord will issue an offer notice detailing your home’s valuation, condition, price, and any entitled discounts.

Do I Need a Deposit to use the Right to Buy Scheme?

Some lenders may not require a deposit for eligibility in the scheme, so it’s recommended to verify with your lender beforehand.

Consider seeking advice from a mortgage broker if feasible. They are able to assist in comparing lenders in the market, determine your affordability, and provide recommendations on options.

Types of Discounts

Homebuyers can receive a 35% discount on a house, with an additional 1% discount for each year of tenancy under a public sector landlord.

Buyers of flats are eligible for a 50% discount, with an additional 2% discount for each year spent under a public sector landlord for more than five years.

The maximum discount is £102,400 (£136,400 in London) or 70% of the property value, whichever is less.

Please be aware that your discount may vary if you have utilized the Right to Buy scheme previously.

Is the Right to Buy Scheme for Council Houses Being Discontinued?

The Right to Buy scheme remains available in England for numerous council house tenants. However, verifying if the scheme is available in your area is important, as it is only offered by some councils.

The government’s Own Your Home Right to Buy eligibility quiz provides information on eligibility and guidance on starting the application process. Alternatively, you can contact their helpline at 0300 123 0913 for assistance via phone.

Will the Housing Association Right to Buy Scheme be extended?

The government has extended the Right to Buy scheme for housing association tenants in specific regions. Residents of the Midlands are not currently eligible to apply for the scheme, although there are discussions about expanding pilot schemes to new areas in the UK.

What is a Right to Acquire Scheme?

Individuals who are not council tenants may qualify for the Right to Acquire scheme if they reside in England. The scheme provides housing association tenants with the opportunity to purchase their homes at a reduced price, as long as they and their landlords meet specific criteria:

  • You have been a housing association tenant for a minimum of three years.
  • Your landlord is the council, armed services, a housing association, NHS or a foundation trust.
  • Your home is a primary residence that is self-contained.

Properties meeting the specified requirement must have been acquired or built by a housing association after March 31, 1997. Your property may qualify if it was transferred to a housing association from your local council after this date.

Discounts are offered based on location eligibility. The amount available can range from £9,000 to £16,000 for use towards buying a home. You can explore the discounts available for your area or consult with your landlord to determine your eligibility.

What is the Required Deposit for the Right to Acquire Scheme?

A deposit may be required under the Right to Acquire scheme. For information on potential costs, it is recommended to consult with a mortgage broker. They can assist you in determining what you can afford based on your personal circumstances and budget.

Factors to Consider When Deciding Whether to Purchase Your Housing Association Home

The Positives Are:

  • If you choose to continue renting your home, you have the option to change your decision at any time.
  • Discounts increase annually with the rate of inflation.
  • The discount may expedite your ability to purchase a property.
  • Purchasing the home you currently rent allows you the freedom to make personalized changes, such as renovating or updating the décor.

The Negatives Are:

  • Increasing housing costs could potentially make your home less affordable, even with discounts.
  • Purchasing a home requires careful consideration of affordability to ensure you can make timely payments.
  • Not making mortgage payments could result in losing your home.
  • The absence of a survey may result in higher long-term ownership costs for your home.
  • As a homeowner, you are responsible for all repairs.

Steps to Determine Your Financial Eligibility

The Own Your Home website provides a Right to Buy house calculator to help determine potential discounts on your home purchase.

Where Can One Seek Advice?

Your landlord can provide information on discounts available and explain how the scheme operates. The UK government’s Right to Buy agent service can provide assistance and guidance. They provide guidance on completing applications, accessing legal assistance, and other related services at no cost.

For personalized recommendations on mortgage rates and options, consider speaking with a mortgage broker. A financial adviser can assist you in comparing market rates and mortgage providers. They can also provide information on whether mortgage repayments are affordable with the increasing cost of living.

Damian Youell

Feel Free To Start WhatsApp Chat With Us...

How We Work

1: We contact you and take down your details, income outgoings, name, address etc.

2: We will research the whole market and email you a detailed quote as well as a list of documents to proceed.

3: You upload the documents and information needed via our channel our online portal.

Feel Free to Contact Us


What is the Social Housing Grant, and am I eligible for it?

The Social Housing Grant is a financial assistance program for individuals or families to support affordable housing. Eligibility criteria vary depending on location and circumstance. Contact your local Housing Association or Housing Executive for specific details.

How can I obtain the Maximum Discount when purchasing a Housing Association property?

The Maximum Discount refers to the highest discount level available when buying your Housing Association home through schemes like Right to Buy. Eligibility criteria and discount amounts differ, so it’s advisable to seek legal advice or consult your Housing Association for accurate information.

Do I need legal advice when buying a Housing Association property?

It’s recommended to seek legal advice before purchasing any property, including from Housing Associations. Legal advice ensures you understand the terms of your lease or purchase agreement, helping you make informed decisions about your housing options.

What is a Foundation Trust in relation to Housing Associations?

A Foundation Trust is an independent legal entity established to hold and manage property or assets to benefit a specific cause or community, such as providing affordable housing through Housing Associations.

What constitutes a Self-Contained Property in the context of Housing Association homes?

A Self-Contained Property is a residential unit that has its own separate facilities, including kitchen and bathroom, and is intended for the exclusive use of one household. Housing Associations may offer self-contained properties as part of their housing stock.

What is a Pilot Scheme, and how does it impact Housing Association tenants?

A Pilot Scheme is a trial program that Housing Associations or governmental bodies implement to test new initiatives or policies. These schemes may involve changes to tenancy agreements, service charges, or other aspects of housing provision.

What options are available for obtaining a Replacement Home through a Housing Association?

Housing Associations may provide Replacement Homes for tenants who need to relocate due to redevelopment, demolition, or other reasons. Contact your Housing Association for guidance on the process and eligibility criteria.

If you are interested, contact our team of expert mortgage advisers.

What is a Service Charge, and how does it affect Housing Association tenants?

A Service Charge is a fee paid by Housing Association tenants to cover the costs of maintaining communal areas, services, or amenities within their housing development. Tenants should review their tenancy agreements for details on service charges.

How does the Market Rate impact Housing Association properties?

The Market Rate refers to the current price at which similar properties are being bought or sold in the open market. Housing Association properties may be priced below market rate to ensure affordability for eligible tenants.

Where can I find guidance for Housing Association tenancy agreements and rights?

Guidance for Housing Association tenancy agreements and tenant rights can typically be found on the Housing Association’s official website or by contacting their housing services directly. Additionally, organizations such as the Housing and Communities Committee may provide resources and support.

Damian Youell

Feel Free To Start WhatsApp Chat With Us...

How We Work

1: We contact you and take down your details, income outgoings, name, address etc.

2: We will research the whole market and email you a detailed quote as well as a list of documents to proceed.

3: You upload the documents and information needed via our channel our online portal.

Feel Free to Contact Us