Right to Buy Mortgages.

The first Council Tenants' Right to Buy scheme was introduced during 1980 by means of the 1980 Housing Act. This was further developed in an update to the Housing Act in 1984.

The 'Right to Buy' scheme, gives many tenants living in local authority properties the right to purchase them at a discounted value.

You have the 'Right to Buy' if you have been a local authority tenant for at least two years. If your tenancy began on or after 18th Jan 2005 the required length of tenancy before you have a right to buy is five years. So you will have to wait until 2010.

What Level of Discount Do You Qualify For?

The maximum discount you are entitled to depends on the geographic location of the property and ranges from £16,000 to £38,000 off the market value of the property.

The discount to which you are entitled is loosely proportional to the number of years you have been paying rent in public sector housing. So the greater the length of time that you have been tenant renting from the Council, the greater your discount entitlement will be.

How can we help?

Right to Buy mortgages, sometimes referred to as the council purchase mortgages, are a means of raising the necessary finance to purchase the property.

We have access to lenders of right to buy mortgages who will consider applications from you even if you have a bad credit history through County Court Judgments, defaults, arrears and many other reasons. You can still get 'Right to Buy' mortgages even if you are retired.

• Why not call us on 01223 329666 to discuss your requirements and request a quotation.