Right to buy Mortgages
If you are a council or housing association tenant, you have the opportunity to purchase your home, often at a substantial discount, dependent upon how long you have lived there, under the right to buy scheme.How much could you save?Under the right-to-buy scheme, council tenants are entitled to a 32% discount on the value of their house after they have lived in it for two years, followed by a further 1% deduction for each additional year, up to a maximum of 60%. For flats the available discount rises to 70%.
To qualify for a right to buy mortgage you must:
- be the legal tenant of the property you wish to purchase.
- have been a tenant of this council or another "right to buy" landlord for at least two years.
Who can apply?
We offer competitive rates for all applicants, including those with ccjs, arrears, defaults, the self employed and people with no proof of income.
We specialise in right to buy mortgages and can help you regardless of past credit problems or current credit difficulties. We can also obtain extra money for you to spend on things like home improvements, holidays, a new car, debt consolidation etc. As specialists in the right to buy field we can also help you with the paperwork from your local council or housing association and answer any queries, or deal with tricky situations, as they arise. We pride ourselves on our friendly and helpful service. For you free right to buy mortgage quotation without obligation click below Right to buy mortgages - Enquiry Form You can also telephone us if you prefer, we offer a phone service during UK office hours, call 01159 878 100.
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