Right to buy is one of the most popular policies that have a profound social impact increasing the owner occupancy. Right to buy schemes introduced in 1980 has given the right to tenants to buy their property at discounted rates. More than five million council right tenants have become homeowner through this scheme. You can be a part of the most important social revolutions of this century by endorsing council right to buy scheme.
If you are a secured tenant of
a local authority
London borough council
Housing action trust
Registered landlord (non charitable)
Then you are legally capable of buying the house under the Housing Act. Buying a home can be expensive. Right to buy mortgage can help you meet the cost of home. For right to buy a council tenant needs to have two years public sector tenancy. A new council tenant that is if the tenancy began on or after 18th January 2005 will require minimum five year tenancy.
Before going to Right to buy mortgage, calculate the amount you have to pay for right to buy. Most lenders will provide 95%-100% of the right to buy amount. To find such a lender you will be required to do some...
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