Ive applied for right to buy with my council house do you need a deposit or does the discount I get off still class as a deposit?

by , 9 Feb 2012Open Question


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Hello and welcome to the community,

Whether you need a deposit or not depends on the provider and your own financial situation - employment etc... The best option is to shop around and ask what each one provides. You can start by comparing some of the leading providers here: http://www.money.co.uk/mortgages/right-to-buy-mortgages.htm

Hope this helps,


by TomCo from money.co.uk, 12 Nov 2012

You can use the discount as your deposit, feel free to contact me if you would like any further info or a quote.

by harry009 from The Mortgage Centre (GB), 12 Nov 2012
The Mortgage Centre (GB) is a Whole of Market broker offering expert advice in Mortgages and Protection. We offer our services throughout the UK on a face to face basis or at arms length via telephone/post/email to suit our clients needs. Feel free to contact me personally via email at harry.sandhu@themortgagecentregb.com or call 01902 336 356 / 07792 215 007. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY LOAN SECURED ON IT.

Posts within the money.co.uk community represent the views, experiences and opinions of members and experts only. They should not be taken as financial advice and should not be followed without further research.

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