Right to Buy mortgage rates
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If you have lived in your council property for some time (a minimum of two years), you may be able to buy it from the council at a reduced price. There are some great value Right to Buy mortgage rates available in the UK - 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 impartial, completely FREE service that guarantees to find the best Right to Buy rates. If you manage to find better, we’ll happily refund the difference for a year!
Find the lowest Right to Buy mortgage rates
What is a Right to Buy mortgage?
Right to Buy was introduced in 1980 as an initiative to help council tenants purchase their own property. The scheme works by allowing you to buy the council house you are currently living in at a discount price. The longer you have lived in the property, the bigger the discount - and you will retain the title deeds from the council upon purchase. Some lenders will offer Right to Buy deals with good rates of interest.
Right to Buy mortgage rates...
Right to Buy mortgage rates can be some of the most competitive on the market, designed to make it as easy as possible for you to afford the repayments. Before you apply, you should also make sure that you qualify for this type of 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 Right to Buy conditions
Your house isn’t part of an elderly, disabled or employment-related scheme
Find a low Right to Buy mortgages rate
If you have any questions, or want to arrange an immediate quote, call us on 0845 603 1525. Our team are on hand to help you find the best value rates on the market.
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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- Our whole of market service provides an unbeatable choice of mortgage lender.
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- Your own dedicated mortgage advisor manages your application from start to finish.
- We do all the paperwork and work with lenders to ensure everything goes smoothly.
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First Mortgage, the UK’s specialists in sourcing mortgages, remortgages and protection plans, are actively encouraging clients in Scotland (...)
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A first class service and will recommend them to all my friends - E Klimek
Thank you so much for guiding me through all stages with expertise, you filled me with so much confidence - D More
My advisor and branch manager made the home buying process a joy! - S Tilston
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