This website is provided as an independent marketing website. We are neither a mortgage lender nor an independent financial adviser and, as such, are unable to offer financial advice. Enquiries generated via this website are passed on to independent financial advisers and mortgage brokers. Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
Council Right to Buy Mortgage
A council right to buy mortgage is to give tenants of council or housing association properties the right to make the transition from being a tenant to becoming a home owner by way of giving you a discount from the market value of your property.
The amount discount which you receive depends on how long you have been a council or housing association tenant. For example if you have lived in a house for five years the discount is 35% or if it has been twenty years the discount could be 50% of the market value. However the discount that you receive is now limited to the maximum amount depending on your area. The maximum discount ranges from £16k up to £38k on all properties depending where you live.
There are a number of lenders who offer council right to buy mortgage schemes and there is also a process of which to apply, which is why it is best to contact us to assist you with this. We are an independent mortgage company & can therefore source the best deals for available for you.
If you would like to apply for a council right to buy mortgage APPLY HERE, where we will be able to give you advice on the whole procedure and look after your application from you becoming a tenant to a h ome owner.