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The guidance and/or advice contained within this website is subject to UK regulatory regime and is therefore targeted at consumers based in the UK only.

Council 'Right to Buy' mortgage schemes are ideal for people that have lived in a council house for a minimum of two years.

If you have, then you may be able to buy the property from the council at a discount ranging from £16,000 to £38,000 for both flats and houses, depending on your local authority.

It is targeted at long standing tenants, with the right to buy discount increasing in proportion to the years that rent has been paid.

You will need to contact the local authority you currently rent from to get the exact details of the right to buy discount you may be entitled to. If you are eligible they will issue you with a "Section 125". Once you have this you then need to look for a suitable mortgage lender.

Call us on 01625 503000, or apply here

About Adverse Credit Mortgages About Remortgages About Right to Buy Mortgages

The overall cost for comparison is 6.1% APR. The actual rate available will depend on your circumstances. Ask for a personalised illustration. Adding existing debts to your mortgage will both extend the repayment term and increase the overall cost of the debt.

There will be a fee charged for mortgage advice. Our typical fee is £2500 for all types of mortgages except Lifetime Mortgages, which will be charged at £395 + 2% of the total loan amount. Example: a £50,000 lifetime mortgage loan, the fee payable would be £395 + 2% of £50,000 (£1,000) = £1,395. All advice fees are payable upon completion. Moneypoint Finance Limited is authorised and regulated by the Financial Services Authority, and is entered on the FSA register (www.fsa.gov.uk/register/home.do) under reference 303863.

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage. Calls may be recorded for training and monitoring purposes.