Right to Buy Mortgages

Right to buy mortgages are for use by public housing tenants who wish to purchase their property under the Right To Buy Scheme. Public housing tenants are people who rent their property from the local council, a non-charitable housing association or a housing action trust. The vast majority of Right To Buy sales are of local authority properties.

The Right to Buy scheme was first introduced in 1980, with the main aim of offering everyone the opportunity to own a decent home and so promote social cohesion, well being and self-dependence. The Right to Buy Scheme has since helped nearly 1.5 million council tenants in England to realise their aspirations to own their own homes, with ongoing sales under the scheme now running at around 40,000 a year.

The Right To Buy scheme enables tenants to buy their homes at a discount price, provided that they have been living in their home for two years and meet the other qualification criteria. The RTB scheme is open to virtually any secure tenant who can afford to buy with the exception of dwellings occupied in connection with their employment and housing specially provided for the elderly and (in certain cases) the disabled.

At Firstcall Mortgages we want you to know what deals are out there, the current top right to buy mortgage deals are listed here.