Do you qualify?

You must be the legal tenant of the council property you wish to purchase.

You must have been a tenant of your present and past council house (including armed forces housing) for at least two years.

What discount could I expect?

The amount of discount depends on how long you have been a tenant of this Council or other "right to buy" landlord, and the type of dwelling you are living in. There are different discount structures applicable for houses and flats.

• Houses: The discount after two years is 32% with an additional 1% for every extra year up to a maximum of 60%.

• Flats: The discount after two years is 44% with an additional 2% for every extra year up to a maximum of 70%.

You have the right to buy if you have been a public sector tenant for at least two years (if your tenancy began on or after January 18 2005 the required length of tenancy is five years)

Several mortgage schemes will allow you to capital raise for home improvements, all you have to do is state what you wish to use the money for maybe you would like new double glazing or maybe a new conservatory. 

As with standard mortgage applications a poor credit history should not stop you from obtaining a mortgage with MQ2.

The overall cost for comparison is 7.65% APR. The actual rate payable will depend on your circumstances.
Ask for a personalised illustration. No upfront fees. A fee is chargeable only on completion, to a maximum of 1.5% of the loan amount, depending on your circumstances. Early repayment charges may apply, they will vary depending on the mortgage chosen.

Secured loans, Unsecured loans and commercial loans are NOT regulated by the FSA

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.