Right To Buy Mortgages

Finding Right To Buy Mortgages

If you're thinking of purchasing your council home you will need to apply to your local council or housing authority. If you manage to match the basic criteria for the Right To Buy scheme you will then need to decide which mortgage to apply for. Mortgage companies specialising in Right To Buy Mortgages will be able to advise you on the best mortgage deal with the most competitive rates. Typically the high street mortgage companies like Cahoot or Marsden Building Society don't offer specific mortgages for Right To Buy tenants.

If you have an adverse credit record there are a number of lenders who can offer you the best mortgages possible, despite your past credit difficulties. Ditto if you're selfemployed and need a self-cert mortgage to purchase your council house or flat, ensure sure you approach a qualified mortgage dealer who specifically deals with names, to get the best possible offer.

The Right To Buy Programme

The opportunity to buy your own home is an offer many people have taken up ever since the government's Right To Buy (RBT) scheme started in the early 80s. The procedure is simple. Just apply, and if you are eligible for a discount on your home you can buy the house or apartment you have been renting from them. In order to pay for the house you will have to take out a mortgage (essentially a large loan) that is paid back over a certain period of time, typically 20 to 25 years. You can get a right to buy mortgage from an expert mortgage broker who is experienced with the RTB procedure.