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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Bad Credit Mortgages we offer:

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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Product Name: Mortgages

Product Description: Taking Advantage of the Councils Right to Buy Scheme

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Gary has been brilliant throughout the whole process. Very knowledgeable, helpful and efficient. The service provided as a whole, has been excellent, 10/10.