If you are based in Leicester and living in a property owned by your local authority (that means your local council or housing association), you may have the opportunity to buy your home through use of a Right to Buy in Leicester.
The Right to Buy Scheme, providing you have the eligibility to do so, allows you to buy a property at a discounted price. This means that instead of paying a particular amount in rent to the owner for a property that isn’t yours, whilst the monthly mortgage payment may vary, you are able to call it home truly.
If you are new to Right to Buy in Leicester or are confused about anything we mention here and would like guidance, please get in touch for Right to Buy mortgage advice in Leicester. Our mortgage advisors are readily available throughout the day to answer any questions you may have.
We have a lot of experience in working with Right to Buy mortgages from our many years in the industry. As such we know how it works like the back of our hand and will be able to talk you through the process.
If you have no prior knowledge of the Right to Buy Scheme in Leicester, i.e., this is the first you’ve heard of it, it might be worth your time to contact your local authority to check whether or not you’re eligible to buy your rented home.
Once they have confirmed eligibility, you should receive a Right to Buy offer from them, highlighting the property prices when the scheme is in place and ready to go. The offer usually holds an expiry date, so you will need to speak with a fast & friendly mortgage advisor in Leicester in plenty of time before that period ends.
After you get in touch with us, we will book you in with a free initial mortgage consultation, taking account of your details so that we can understand your situation. You’ll speak to an experienced and dedicated mortgage advisor in Leicester, who will hold your hand through the process.
To qualify for the Right to Buy discount, you should have been living in your rental property for three years, whether this is three years continuous or not.
The Right to Buy discount won’t be available to you if any of the following apply:
Exceptional living circumstances may also not be accepted, e.g., selected housing for the elderly or if you have a career in a specific sector.
Date Last Edited: December 6, 2023