Right To Buy

The right mortgage for Right to Buy.

Right to Buy is a Government scheme designed to help council house and some housing association tenants buy the property they live in at a large discount – up to £87,200 (or £116,200 in London).

The discount varies depending on how long you’ve been a tenant and what type of property it is, and you need to have been a public sector tenant for at least three years to qualify for the scheme. One of the big advantages is that you may not need to save for a deposit, as you can use the Right to Buy discount instead with certain lenders. Once you know the value of your home and the discount you’ll be offered, you can apply for a mortgage. You’ll be subject to the same affordability criteria as any other applicant, and will need to pay the same fees, survey and conveyancing costs.

As a competent broker, we can take you through the whole process, answer any questions you have, assess the best option for you from the whole of the mortgage market and even guide you through the application process. To find out more about how we can help you own your home, just get in touch.

*To clarify, this is based on the English scheme ONLY. Right to buy rules differ in Northern Ireland and is no longer available in Scotland or Wales*

Your home may be repossessed if you do not keep up repayments on your mortgage

So if you’re thinking of buying a home with right to buy, why not talk to us today?

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Our Mortgage Products

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Right to Buy

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Other Services

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Our other services include Conveyancing, Secured Loans, Bridging Loans and Debt Consolidation.