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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.
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