Right to Buy Mortgages

The original Right to Buy scheme was first introduced in 1980 giving many tenants living in local authority properties the right to buy them at a discounted price.

You have the right to buy if you have been a public sector tenant for at least two years (if your tenancy began on or after January 18 2005 the required length of tenancy is five years).

What Kind of Discount Do You Qualify For?

The maximum level of discount you are entitled to depends on the local area you live in and ranges from £ 16,000 to £ 38,000 off the market value of the property you live in.The discount to which you are personally entitled is roughly proportional to the number of years you have been paying rent in public sector housing. This means that the longer you have been renting from the council, the higher your discount entitlement will be.

How Can Infinite Mortgages Help?

Infinite Mortgages has assembled a panel of lenders that are willing to offer finance to people with the Right to Buy their council home. With Infinite Mortgages:

• No Deposit: Often no deposit is required because of the discount given by the local authority
• Borrow More: You may be able to borrow MORE than the Right to Buy purchase price of the property for home improvements, debt consolidation, and more.
• Help with paperwork: We can help if you already have your Right to Buy papers from the council or if you don't know how to get them and need help.

Do I Qualify?

Infinite Mortgages can help people with a wide range of personal circumstances but our main focus is on helping people with credit problems and trouble proving their income. For more specific details on the kinds of circumstances and credit problems we can assist with, please visit our Do I Qualify? section via the button below.