Mortgage Information - Shared Ownership
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Right to Buy
Right to Buy is a Government initiative that has been available for some time. Under this scheme council tenants are able to purchase their properties at a discounted price. The scheme does not apply to all tenants as it is up to the landlord to decide whether to take part in the scheme or not.
As always, there are certain criteria that you will need to meet to be able to benefit from this scheme.
To take advantage of this scheme, you will have to approach your landlord who will arrange for you property to be valued, before confirming the asking price. This price is then usually valid for six months. Generally speaking, mortgage finance is available on all types of property, however, flats over five storeys will not usually be accepted on standard terms.
If you would like to enquire about your right to buy mortgage, please fill in our quick enquiry form, also to see companies that specialise in right to buy mortgages click on our todays top ten links.
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