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The Mortgage Exchange (London) Ltd
86 Glenthorne Road
Hammersmith, 
London W6 0LP
enquiry@
4mortgageadvice.co.uk
0870 850 7575
0870 850 7576

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Council Right to Buy Mortgage Solutions

The right to buy means you can buy your home from a local authority, a non-charitable housing association or a housing action trust. Usually this will cost less than on the open market because as a tenant you can obtain a discount.

Right to buy

Most Council tenants have the right to buy their home. To qualify you must:

  • be the legal tenant of the property you wish to purchase
  • have been a tenant of this Council or another "right to buy" landlord for at least two years.
Contact at TME
Mr. Glen Thomas
Specialises in: 
Remortgages, Council Right-to-Buy Mortgages, Mortgages and Loans for the Self-employed

You will not have the right to buy if you live in:

  • "sheltered housing" for the elderly, disabled or handicapped
  • a dwelling which is particularly suitable for the elderly and you are an elderly person

Discounts

You may be entitled to a discount off the purchase price of your home. The amount of discount depends on how long you have been a tenant of this Council or other "right to buy" landlord, and the type of dwelling you are living in.

Houses: The discount after two years is 32% with an additional 1% for every extra year up to a maximum of 60%

Flats: The discount after two years is 44% with an additional 2% for every extra year up to a maximum of 70%.

Various mortgage schemes are available which allow capital raising for home improvements. Monthly mortgage payments are often lower than rental costs.

TME have many years experience dealing with all types of mortgages and constantly monitor the market for new or improved mortgage products. 

The Mortgage Exchange are experts at finding and arranging the BEST possible deals for our clients from a wide range of lenders. Use our Online Enquiry Form to receive a NO OBLIGATION illustration of the loan solutions that best suit YOUR needs and circumstances.

WE CAN ONLY HELP YOU IF YOU CONTACT US!

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Mortgages

Buy To Let
Remortgages Business Finance
Council (Right To Buy) Home Owner Loans
Home Owner Loans Adverse Credit
Offshore Mortgages Commercial Mortgages

The Mortgage Exchange (London) Ltd
86 Glenthorne Road Hammersmith, London W6 0LP
TEL: 0870 850 7575 FAX: 0870 850 7576

* Your home may be repossessed if you do not keep up payments on your mortgage.
* The Mortgage Exchange (London) Ltd is authorised and regulated by the Financial Services Authority