Imagine Finance
Right to Buy Mortgage
Make the dreams of purchasing your council home a reality with Imagine Finance
Buying a house is one of the biggest decisions most people will make in their lifetime, so it’s essential you get a mortgage that offers the best value for money.
If you are a council tenant looking to purchase your home, we can search through thousands of available mortgages to enable you to buy your home with a large discount.
You could be eligible for discounts starting at 35% for houses and 50% for flats if you have been a public sector tenant for 3 years.
If you do not possess enough savings to fund any up-front expenses, lenders may even allow this discount as a deposit, making it easier for you to get a mortgage.
Here at Imagine Finance, we pride ourselves on our fast and efficient service, so you can put in an offer for your council home with confidence.
Frequently Asked Questions
What is the Right to Buy scheme?
Introduced in 1980, Right to Buy enables the majority of council tenants to purchase their home at a discounted price of up to £96,000 across England and £127,900 within London Boroughs.
The scheme is only available in England; Scotland, Northern Ireland, and Wales are subject to individual regulations.
Visit Right to Buy on GOV.UK for more information and how to apply.
What should I consider before applying for a Right to Buy mortgage?
You should first check whether you are eligible for the Right to Buy discount to purchase your council home. You should be able to apply if you have the following:
- A secure tenancy (permanent residence) A self-contained property
- A self-contained property
- A public sector landlord (e.g. Council or Housing Association) for a total of 3 years
You can also apply for a joint tenancy immediately if you are married or in a civil partnership, or after 12 months if you are cohabiting or living with a relative.
Contact Imagine Finance today and allow us to assess your options.
I have a low credit rating. Can I still apply?
How will you support me through the process?
Here at Imagine Finance, we have been helping people like you purchase their council homes for over 30 years. We are always on hand to answer any questions you may have from the beginning through to the end.
With access to exclusive mortgage products unavailable at most mortgage brokers, you can be sure you are getting the best possible deal for your circumstances.
Do you charge any upfront fees?
Speak to our team at Imagine today and start turning your dreams into reality.
Mr Wells
