When it comes to Right to Buy Mortgages, most lenders will use the government’s discount as your deposit. However, some lenders will want an extra deposit on top of the discount. This is usually the case when an applicant has had previous credit problems.
If you are thinking of purchasing your council house using the Right to Buy scheme, feel free to get in touch with our Right to Buy Mortgage Advisors in Coventry. We will see if we help you get the process started.