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Tel: 020 8524 8530 / 0800 849 2076 - Fax: 020 8524 8523 - website@LondonMortgageAdvisers.com
 
Most Council tenants have "The Right to Buy" their home. 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 costs less than on the open market because as the tenant you can obtain a discount.

Do I Qualify?

  • You must be the legal tenant of the property you wish to purchase.
  • You must have been a tenant of this Council or another "right to buy" landlord for at least two years.

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.

What discount will I get?

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

2. 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.

Click Here to speak to a Right to Buy Expert

  
 
Written quotations available on request. Mortgage secured on property. Insurance may be required.
Loans subject to status, type and value of property.
YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR OTHER LOAN SECURED ON IT.