The Right to Buy Mortgage process allows council and housing association tenants to purchase their home, as long as they are eligible.
Am I Eligible for a Right to Buy Mortgage?
The best way to see if you are eligible for a Right to Buy mortgage is to get in touch with our DebtConsolidation.co.uk advisors on 0800 048 3674, as they will be able to give your further information about this process.
Generally, you need to be a council or housing association tenant for either a minimum of 2 years before 18th January 2005 or for a minimum of 5 years after 18th January 2005(present and previous addresses are included). Your council or housing association will be able to confirm if you are eligible for a right to buy mortgage.
How Much Discount am I Eligible for with my Right to Buy Mortgage?
The discount is dependant on your personal situation so you are best getting in touch with us first. It is possible that you could receive about 32% for a house or 44% for a flat, up to a maximum value of £38,000.
Contact us for further information about how to go through the process of getting a right to buy mortgage. You will have to fill in some paper work after your eligibility has been confirmed, there will include an RTB1 and a RTB2 application form.