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Right to Buy council houses mortgage

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rads62
rads62 Posts: 2 Newbie
in Mortgages & endowments
hi all
ive now been offered a RIGHT TO BUY on my council house for 130k i have searched on here for information regarding the best lenders etc but cant find any info...

does anyone know of who does Right to Buy mortgages also i dont have very good credit either?

thanks

Comments

  • robin_banks
    robin_banks Posts: 15,778 Forumite
    Part of the Furniture Combo Breaker
    It's very very difficult to get a mortgage, the banks simply aren't lending.

    What sort of deposit has the OP got ?
    "An arrogant and self-righteous Guardian reading tvv@t".

    !!!!!! is all that about?
  • GMS
    GMS Posts: 5,388 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    rads62 wrote: »
    hi all
    ive now been offered a RIGHT TO BUY on my council house for 130k i have searched on here for information regarding the best lenders etc but cant find any info...

    does anyone know of who does Right to Buy mortgages also i dont have very good credit either?

    thanks

    Why do you think you do not have a very good credit rating? Any CCJ's? Any defaults? Any missed rent payments?

    Right to Buy is not straight forward so you may be better seeing a broker if you are not confident dealing with it yourself
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • rads62
    rads62 Posts: 2 Newbie
    hi all

    ive got a default and 2 late payments on my file which i know is not good.

    i thought that right to buy is a simple process but looking in to it it seems like it isnt
  • GMS
    GMS Posts: 5,388 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    rads62 wrote: »
    hi all

    ive got a default and 2 late payments on my file which i know is not good.

    i thought that right to buy is a simple process but looking in to it it seems like it isnt

    When was the default and for how much?
    Late payments on rent? If so when were they?

    Right to Buy is like anything else. It is straight forward if you know what you are doing with it. If not it can become difficult.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
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