Mortgages and Loans


Right-to-Buy Mortgages Right-to-Buy Mortgages

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The right to buy scheme gives council tenants the right to buy their property from their council at a discount. Buying a home is a long term financial commitment so it makes sense to use Switchwise.com’s online service before come to decision.

If you have been a secure council tenant for at least two years (or five years if you became a tenant after 18 January 2005) you are likely to have the right to buy your council home at a discount.
Switchwise.com can search the market of council mortgage lenders to find the best quotes for your circumstances. Switchwise.com helps by giving you access to a right to buy mortgage broker who will provide advice on finding the best council mortgage for you. There is no obligation to sign up and no credit checks will take place.

With a right to buy mortgage, depending on how many years you have been a tenant in your home, you will receive discount on the overall value of your property. The longer you have been registered as a tenant, the greater the discount. A council mortgage lender will consider these discounts when providing you with the cheapest right to buy mortgage rates.

Switchwise.com can search the market to find you the cheapest right to buy mortgages. We can even introduce you to a council mortgage broker to advise on the best council mortgage lenders for your circumstances and requirements.

What is a right to buy mortgage?

How a right to buy mortgage differs from a regular mortgage is that it works in conjunction with the right to buy scheme whereby tenants receive a discount on the market value of their council homes. The longer a tenant has lived at the address, the greater the discount.

If you have poor credit, a CCJ, an IVA, have declared bankruptcy or defaulted on other financial repayments Switchwise.com can still help you find the most suitable council mortgage to help you buy your council house.

If a right to buy mortgage sounds like the mortgage for you Switchwise.com can find you the cheapest quotes for your circumstances. Apply for right to buy quotes online now. It’s fast and free, with no obligation or credit checks.