Right to Buy mortgage calculator

Let us find the juiciest quote for you

This government scheme gives you the opportunity to purchase you own council home. Work out how much you can afford to borrow with our right to buy mortgage calculator. Though deals vary depending on your location, the property and the lender’s terms and conditions, First Mortgage’s calculator can give you a good idea of how much you will need to repay each month. We search the whole of the market for the best deals - and we won’t charge you a thing for our service. Use our right to buy mortgage calculator to find the best repayment option. If you find a better deal - we’ll happily match it, AND pay double the difference for the first year!

Use the Right to Buy mortgage calculator

What is a Right to Buy mortgage?

If you have lived in your council property for some time (a minimum of two years), you may be able to purchase it from your local authority. The scheme was introduced in 1980 and since then over a million young families and low earners have managed to get a foot on the property ladder because of it. The longer you have lived in your home, the lower the purchase price.

Using the Right to Buy calculator...

Simply type in your required mortgage amount and press the calculate button. Our Right to Buy mortgage calculator can help you get a good idea of what your payments might be. For an exact quote, feel free to contact us. You should also check the following criteria to see if you are eligible for a deal:

 Currently live in a council house
 Have lived in your council property for at least two years
 Can afford to purchase the house under the scheme conditions
 Your house isn’t part of an elderly, disabled or employment-related scheme

Use the Right to Buy mortgage calculator

Call us on 0845 603 1525 if you would like any further advice, assistance or information. We are happy to discuss your circumstances and help you choose the best Right to Buy mortgage option.

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