Right To Buy advice for my Council House with our right to buy Mortgage Lenders

Right to Buy Mortgage Advice UK

Thinking about buying your council house ?

Right to buy mortgages are for use by public housing tenants who wish to purchase their property under the Right To Buy Scheme. You may have the right to buying your property. Mortgages are available from a wide range of lenders to help you buy your house or flat. If you are looking for a mortgage we can help you with all the applications and guide you through the Right to Buy Mortgage process from start to finish.

Click here to Download the right to Buy Booklet. (Right-Click and choose "save target as").

All circumstances considered

including poor credit; late payments/arrears; default notices; county court judgements (ccj's); discharged bankrupts or IVAs. Self cert/no proof of income may also be possible. The overall cost for comparison is 7% APR. The actual rate payable will depend on your circumstances. Ask for a personalised mortgage illustration.

Need to raise cash? You may be able to borrow more than the purchase price of your council home. Subject to status, you could release some of the equity tied up in your home for a number of purposes (eg.) home improvements or debt consolidation. click for more

No upfront fees

It may be difficult for you to find money upfront for solicitors, land searches and surveys. An administration fee is payable but this will be incorporated into the loan / mortgage and does not require an up front payment. Early repayment charges may apply. They will vary depending on the mortgage you choose

Latest NEWS Article

A Newcastle man sold his house for £145,000 last week after the council sold him the property for 50p in 1999.

In an extreme Right to Buy case the council sold the home, situated in North Benwell, Newcastle-Upon-Tyne, for a paltry sum due to high crime rates. In the eight years since the crime rate has been slashed by a third and prices have risen to national averages. A spokesman for Newcastle-Upon-Tyne council says: "The houses had been boarded up for years and were being offered two for £1, plus £12,000 to do them up. This sale shows what a success the Right to Buy scheme has been as this used to be an area where not many people wanted to live." This case highlights the benefits of Right to Buy, with former council tenants making profits on their council properties. A spokesperson for housing charity Shelter says: "We are more in favour of this sort of regeneration project than regular Right to Buy schemes. It is beneficial for people, but selling homes still means the council is losing out on properties that could be used for some of the 92,000 people in temporary accommodation in the UK. "However, we welcome any incentive to cut the huge number of uninhabited homes in this country."