Which lenders offer Right To Buy mortgages?
Some lenders advertise ‘Right to Buy’ mortgages tailored specifically to this type of purchase; others will consider each mortgage application, including Right to Buy, on a case-by-case basis. In either event, if the lender’s criteria is met, they will look to agree the mortgage.
Some Right to Buy mortgage lenders will consider lending more than the discounted purchase price, in order to allow for home improvements to be made – so if (for example) your kitchen or bathroom need updating, you could look at borrowing additional funds towards this.
One thing to bear in mind, however, is that if you approach a lender direct, they can only discuss their own mortgage products with you; you will not therefore get an idea of the market as a whole. While you might by chance approach the lender offering the best deal for you, it is possible there may be better offers elsewhere.