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Purchasing through the right to buy scheme is a process in which you are able to purchase the property you are currently renting through the council. 

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The main benefit of this is that the council allows the tenant to purchase their property at a discounted price, sometimes without even saving for a deposit for the property itself, making it a reality to own a property for those with a lower income.

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The process is that the property will be valued and the local authority will apply a discount on the property for the tenants, this is where the main benefit comes in of the discount replacing the deposit for the tenant.

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The above depends on each lender, however, due to the circumstances and the type of the mortgage the lenders will take into account the discount as the deposit and the remaining amount will be the mortgage loan amount.

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