Specialist lender Together has allocated in excess of £100m for council and housing association tenants using the Right to Buy scheme.

The lender has identified a number of hotspot regions based on council and housing association stock. These include London, Bristol, Birmingham, Liverpool, Manchester, Newcastle and Sheffield.

Together will work with brokers regionally to raise awareness of its Right to Buy products.

Pete Ball, chief executive of Together’s retail division, said: “We are specialists in this market and offer a range of products to suit different needs.

“We will look at funding properties that many lenders wouldn’t consider; such as high-rise flats, and we’ll also work with those who have a less-than-perfect credit history.

“This is very much our niche; providing a service for a market that is being underserved by other lenders, and adopting a common sense approach, whilst always ensuring our customers’ loans are affordable.”

Right to Buy allows council tenants who have lived in their property for three years or more to purchase their properties at reduced prices.

The scheme has been extended to housing association tenants in a pilot programme spanning 23 local authorities, for tenants who have lived in the property for over 10 years.

Together offers a range of Right to Buy mortgages, based on both capital repayment and interest-only, with many income sources accepted including employed, self-employed, DWP benefits and pensions. Loan amounts range from £3,000 to £200,000, with loan-to-values of up to 60%.