Bad Credit Mortgages we offer:

Taking Advantage of the Councils Right to Buy Scheme

No Deposit Required.
Specialist RTB Lenders.
Bad Credit Accepted.
5 Star Rated.

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Taking Advantage of the Councils Right to Buy Scheme

The Right to Buy scheme has been used by over a million people since its launch in the 1980’s by the then Prime Minister Margaret Thatcher. Council Tenants are able to buy their homes at a discount and you can use this discount as part or all of your deposit.


Can I buy my council property without a deposit?

Yes. There are over 50 mortgage lenders in the market and many of these provide Right to Buy mortgages with bad credit. Every lender has their own unique criteria and some are happy for you to use the discount provided by the council as all or part of your deposit, therefore all you may need to cover is the associated costs to setting up the mortgage.


How does the discount work?

This depends upon several factors such as how long you have been a tenant for, the type of property you are buying (house or flat) and the value of the property.

Across England the maximum discount is £84,200, however if you live in a London Boroughs it is a maximum of £112,300. The discount amount does increase each year in line with the Consumer Price Index (CPI).

This discount can be used as your deposit when buying the property and needing to take out a mortgage.

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What to Expect from The Money Hub

We Gather Information Required to Search the Market

We gather some basic information about you using our quick online form

Conduct a Whole of the Market Comparision

We will search 100’s of providers to find you the lenders who are willing to approve your mortgage

Provide full service through to completion

We will show you rates along with the monthly repayments. This will not affect your credit score. We’ll also explain any fees if you progress at this point and as long as you are happy to proceed, provide you with the full service through to completion of your mortgage being accepted

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