Right to Buy Mortgage

A Right To Buy mortgage is an option available to people who have the right to buy their home from a local authority, a non-charitable housing association or a housing action trust. If you have been a tenant of a home for over 3 years then you may have the right to buy your rented home and a right to buy mortgage could be the right mortgage choice for you.

Difference Between Open Market and Right to Buy

If you have the right to buy your rented house, you will normally make a saving if you compare this to buying a home on the open market. This is because tenants who have earned the right to buy their home will usually be entitled to a discount.

Right to Buy Mortgage Benefits

By choosing a right to buy mortgage, to buy a council or rented home, most people find that they end up paying less than the cost of their monthly rent. However, if you decide to sell the house within three years of taking out a right to buy mortgage, you may find you need to pay some, or in many cases, the entire amount of the discount you received when buying the property.

Right To Buy Mortgage Application

If you have the right to buy your rented home from a local authority, non-charitable housing association or housing action trust through a right to buy mortgage, click on the enquire now button and fill out the form. This will only take a few minutes and could save you money each month, as well as giving you the opportunity to own the home you have lived in for years. Enquire now.