Right to Buy is a government scheme that lets you buy your home at a substantial discount if you’re a council tenant.
Do I need a mortgage advisor?
For many people, buying a home is the biggest investment in their life. That’s why we recommend you have legal and financial advice. A professional mortgage broker can provide invaluable support and will make sure you’re getting the best mortgage for your financial situation.
Who is eligible for a Right to Buy mortgage?
To be eligible for the Right to Buy mortgage discount scheme you will need to have been a public sector tenant for at least 3-5 years.
How big is the discount?
The discount starts at 50% for those who have been council tenants for 3- 5 years and increases by 2% for each additional year of council tenancy up to the maximum of 70%.
*All lenders’ terms differ.
Do I need a deposit?
Some lenders allow you to use your discount as a mortgage deposit so you can buy your home with less savings.
If you need help you can schedule a consultation and we’ll explain the whole process of applying, as well as do the paperwork for you if you need us to.
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