Right to Buy MortgageBuy Your Council House with a Right to Buy Mortgage

Have you been living in your council house for a while, and you've decided that you want to purchase it? You can do just that with a specialty right to buy mortgage. A right to buy mortgage differs from regular mortgages in that you are given a discount based on the amount of time that you've lived in the house. If you think a right to buy mortgage (also known as a council mortgage) may be right for you, fill out our short form, and one SimplyFinance's representatives will put you in contact with a right to buy mortgage lender who will find the best right to buy mortgage deal for you. More info

Right to Buy Mortgage Basics

  • A right to buy mortgage is only for those who are interested in buying their council house. There are qualifiers for this type of mortgage, such as how long the tenant has lived there, etc.
  • Right to buy mortgages work in conjunction with right to buy schemes that provide council house tenants with discounts on their homes according to how long they've lived at the specific address.
  • Right to buy borrowers will receive a discounted price on their council house, but their interest rate will still depend on factors like credit history, the amount of loan, and the term of the loan.

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Your home may be repossessed if you are unable to keep up repayments on your mortgage.