You may have the right to purchase your property from the council at a discounted price if you are living in a council house and named on the tenancy agreement. Usually, due to purchase price being discounted, no deposit will be required.
Capital raising options for home improvements, such as a new conservatory, windows or extension are also available with some of our mortgage lenders.
The first thing you’ll need to do is contact the council for an application form and for them to check that you are eligible for the scheme.
From there you’ll receive a purchase price. You then have a set period of time to accept their offer.
Finally, once a purchase price has been agreed. We can get the ball rolling with your mortgage application.
If you are thinking of buying your council home, it may be useful for you to work out your current monthly outgoings.
We’d recommend doing this as a tenant and then compare that with the costs of being a homeowner. We’re happy to help you with this exercise.