Council house purchase rates

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This type of deal allows council tenants to buy their own home with the aid of a cash grant or through shared ownership.

You can find great value council house purchase rates through dozens of UK lenders and local authorities - but it can be difficult trying to find the right one. First Mortgage is an impartial broker that searches the whole of the market. We provide a totally completely FREE service that guarantees to find the best council house purchase rates.

What is council house purchase?

In 1980, the government introduced the Right to Buy scheme. This allowed council house residents who have lived in their property for over two years to buy it at a discount price. This type of deal has since helped over a million people get a foot on the property ladder and own their own home - particularly low-income families and single people. Council house purchase rates can be some of the lowest on the market.

What are council house purchase rates, and what are your options?

Council house purchase rates vary from lender to lender, but are generally competitive and fair to help you buy your new home with ease. Right to Buy is the largest scheme of this kind, but there are other similar options when looking to buy tour council property. Another initiative is the House Purchase Grant - a scheme to help council tenants buy houses in the private sector through the aid of a grant. If you live in Scotland, the LIFT mortgage scheme offers a similar arrangement to the Right to Buy, but works on a principle of shared ownership. .

If you would like more information, advice and assistance please feel free to call us on 0845 603 1525. Our friendly team of experienced consultants is waiting to take your call and help you find the lowest rates.

The overall cost for comparison is 6.6% APR. The actual rate will depend on your circumstances. Ask for a personalised illustration.

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