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Home » Barclays Just Made It Easier to Buy a Home Without a Deposit—Here’s How

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Barclays Just Made It Easier to Buy a Home Without a Deposit—Here’s How

Instead of cash upfront, your RTB discount counts as your deposit—unlocking lower-rate mortgages.

April 9, 2025
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Barclays Just Made It Easier to Buy a Home Without a Deposit—Here’s How
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Barclays has announced new and exciting update to its mortgage offerings. They’re removing the deposit requirement for eligible buyers under the Right to Buy (RTB) scheme.

This is designed to reduce financial barriers and support more tenants in transitioning to homeownership.

Under this new policy, the RTB discount will serve as the equivalent of a deposit, granting access to competitive low loan-to-value (LTV) mortgage rates.

For example, a 40% RTB discount will be treated as a 40% deposit, enabling borrowers to secure financing at 60% LTV rates.

Lending is limited to 90% of the property’s market value and excludes high-value homes where a deposit remains necessary.

Lee Chiswell, Head of Mortgages at Barclays, stated: “The Right to Buy scheme remains a key mechanism for council and housing association tenants to achieve homeownership. By removing the deposit requirement, we’re addressing one of the most persistent challenges they face.”

The update also complements other recent enhancements from Barclays, including the Mortgage Boost feature—which allows family or friends to support a mortgage application without financial transfers—and increased borrowing caps for high LTV mortgages, now set at £640,000 for houses and £310,000 for flats.

So, if you’re looking to buy your home through the Right to Buy scheme, there is no better time than now.

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