diff --git a/wagtail/admin/templates/wagtailadmin/home/pages_for_moderation.html b/wagtail/admin/templates/wagtailadmin/home/pages_for_moderation.html
index 6ce00820e..8ce936a52 100644
--- a/wagtail/admin/templates/wagtailadmin/home/pages_for_moderation.html
+++ b/wagtail/admin/templates/wagtailadmin/home/pages_for_moderation.html
@@ -18,10 +18,15 @@
                 </thead>
                 <tbody>
                     {% for revision in page_revisions_for_moderation %}
+                        {% page_permissions revision.page as page_perms %}
                         <tr>
                             <td class="title" valign="top">
                                 <h2>
-                                    <a href="{% url 'wagtailadmin_pages:edit' revision.page.id %}" title="{% trans 'Edit this page' %}">{{ revision.page.get_admin_display_title }}</a>
+                                    {% if page_perms.can_edit %}
+                                        <a href="{% url 'wagtailadmin_pages:edit' revision.page.id %}" title="{% trans 'Edit this page' %}">{{ revision.page.get_admin_display_title }}</a>
+                                    {% else %}
+                                        <a href="{% url 'wagtailadmin_pages:preview_for_moderation' revision.id %}" title="{% trans 'Preview this page' %}">{{ revision.page.get_admin_display_title }}</a>
+                                    {% endif %}
 
                                     {% include "wagtailadmin/pages/listing/_privacy_indicator.html" with page=revision.page %}
                                     {% include "wagtailadmin/pages/listing/_locked_indicator.html" with page=revision.page %}
@@ -39,7 +44,9 @@
                                             <input type="submit" class="button button-small button-secondary no" value="{% trans 'Reject' %}">
                                         </form>
                                     </li>
-                                    <li><a href="{% url 'wagtailadmin_pages:edit' revision.page.id %}" class="button button-small button-secondary">{% trans 'Edit' %}</a></li>
+                                    {% if page_perms.can_edit %}
+                                        <li><a href="{% url 'wagtailadmin_pages:edit' revision.page.id %}" class="button button-small button-secondary">{% trans 'Edit' %}</a></li>
+                                    {% endif %}
                                     <li><a href="{% url 'wagtailadmin_pages:preview_for_moderation' revision.id %}" class="button button-small button-secondary" target="_blank" rel="noopener noreferrer">{% trans 'Preview' %}</a></li>
                                 </ul>
                             </td>
diff --git a/wagtail/admin/tests/test_moderation_list.py b/wagtail/admin/tests/test_moderation_list.py
new file mode 100644
index 000000000..e828fb8f8
--- /dev/null
+++ b/wagtail/admin/tests/test_moderation_list.py
@@ -0,0 +1,98 @@
+from django.contrib.auth import get_user_model
+from django.contrib.auth.models import Group, Permission
+from django.test import TestCase
+from django.urls import reverse
+
+from wagtail.core.models import GroupPagePermission, Page
+from wagtail.tests.testapp.models import SimplePage
+from wagtail.tests.utils import WagtailTestUtils
+
+
+class TestModerationList(TestCase, WagtailTestUtils):
+    """Test moderation list rendered by `wagtailadmin_home` view"""
+
+    def setUp(self):
+        # Create a submitter
+        submitter = get_user_model().objects.create_user(
+            username='submitter',
+            email='submitter@email.com',
+            password='password',
+        )
+
+        # Find root page
+        self.root_page = Page.objects.get(id=2)
+
+        # Create a page
+        self.page = SimplePage(
+            title='Wagtail, the powerful CMS for modern websites',
+            slug='wagtail',
+            content='Fast, elegant, open source',
+        )
+
+        self.root_page.add_child(instance=self.page)
+
+        # Submit it for moderation
+        self.page.save_revision(user=submitter, submitted_for_moderation=True)
+
+        # Create a revision
+        self.revision = self.page.get_latest_revision()
+
+        self.edit_page_url = reverse('wagtailadmin_pages:edit', args=(self.revision.page.id, ))
+        self.preview_page_url = reverse('wagtailadmin_pages:preview_for_moderation', args=(self.revision.id, ))
+
+    def login_as_moderator_without_edit(self):
+        # Create moderators group without edit permissions
+        moderators_group = Group.objects.create(name='Moderators without edit')
+
+        admin_permission = Permission.objects.get(
+            content_type__app_label='wagtailadmin',
+            codename='access_admin'
+        )
+
+        moderators_group.permissions.add(admin_permission)
+
+        # Create group permissions
+        GroupPagePermission.objects.create(
+            group=moderators_group,
+            page=self.root_page,
+            permission_type='publish',
+        )
+
+        # Create a moderator without edit permissions
+        moderator = get_user_model().objects.create_user(
+            username='moderator',
+            email='moderator@email.com',
+            password='password'
+        )
+
+        moderator.groups.add(moderators_group)
+
+        self.login(moderator)
+
+    def get(self):
+        return self.client.get(reverse('wagtailadmin_home'))
+
+    def test_edit_page(self):
+        # Login as moderator
+        self.login()
+
+        response = self.get()
+
+        self.assertEqual(response.status_code, 200)
+        self.assertTemplateUsed(response, 'wagtailadmin/home.html')
+
+        # Check response
+        self.assertContains(response, self.edit_page_url, count=2)
+
+    def test_preview_for_moderation(self):
+        # Login as moderator without edit permissions
+        self.login_as_moderator_without_edit()
+
+        response = self.get()
+
+        self.assertEqual(response.status_code, 200)
+        self.assertTemplateUsed(response, 'wagtailadmin/home.html')
+
+        # Check response
+        self.assertContains(response, self.preview_page_url, count=2)
+        self.assertNotContains(response, self.edit_page_url)