We can help you buy your council house at a heavily reduced price

If you’re a council tenant, we could help you to buy the property at a significant discount through the Right-to-Buy scheme. Right-to-Buy allows tenants of council properties, and some housing associations, the legal right to buy, at a large discount, the council house they are living in.

  • Up to a 70% discount available on the price of your home
  • Your own deposit is not always required
  • Raise additional funds for home improvements

Helping one customer buy her council home through the Right-to-Buy scheme

Our customer Ms L wanted to buy her council home, but she had bad credit and wasn’t sure if she could do it.

With Clever Mortgages she was able to:

  • Use the Right-to-Buy scheme to buy her council home
  • Benefit from the council’s £62,000 discount on the property
  • Take out a mortgage with a term of 15 years
  • Secure an initial 5 year fixed rate
 BalancePaymentRateTerm
New mortgage£41,200£307.654.14%15 years

New Mortgage

Balance £41,200
Payment £307.65
Rate 4.14%
Term 15 Years

Ms L had lived in her council house for several years and wanted the reassurance of it being her permanent home. She had missed previous payments though on unsecured debts, which had affected her credit score, and she didn’t think she’d be able to take out a mortgage.

Her local authority had offered a £62,000 discount on the price of the property, which meant she only needed a mortgage of less than half its market value. She approached us as she was keen to find out if she could take out a mortgage and not miss out on such a good discount.

At Clever Mortgages we were able to help as we know the lenders that will accept customers with bad credit. Plus, we secured the customer a 5 year fixed monthly payment.

Ms L was delighted to secure her home at a large discount under the Right-to-Buy scheme.

No obligation advice on Right to buy mortgage

Try our Mortgage Calculator – let’s see what you could borrow

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Latest mortgage best buys

Based on a mortgage of £130,000 on a property worth £260,000

Initial rate
Overall cost for comparison
1.24% Fixed
then 3.59% (variable)
3.2% APRC

Fees and charges

  • Booking fee
    £0.00
  • Arrangement fee
    £999.00
  • Valuation fee
    £0.00
  • Other fees
    £540.00
  • Cashback
    £0.00

Other info

  • Exit fee
    £65.00

Flexibility

  • Overpayments allowed?
    Yes

Representative example
A mortgage of £130,000.00 payable over 25 years, on a ‘Fixed rate’ of 1.24% would initially cost £504.19 for 24 months. This would be followed by 276 monthly payments at a variable rate of 3.59% costing £644.74 per month. The total amount payable over the full term of the mortgage would be £190,048.80, made up of the loan amount plus interest and fees (£1,084.00). The overall cost for comparison is 3.2% APRC.
1.34% Tracker
then 3.59% (variable)
3.2% APRC

Fees and charges

  • Booking fee
    £0.00
  • Arrangement fee
    £999.00
  • Valuation fee
    £0.00
  • Other fees
    £540.00
  • Cashback
    £0.00

Other info

  • Exit fee
    £65.00

Flexibility

  • Overpayments allowed?
    Yes

Representative example
A mortgage of £130,000.00 payable over 25 years, on a ‘Tracker rate’ of 1.34% would initially cost £510.20 for 24 months. This would be followed by 276 monthly payments at a variable rate of 3.59% costing £645.32 per month. The total amount payable over the full term of the mortgage would be £190,353.12, made up of the loan amount plus interest and fees (£1,084.00). The overall cost for comparison is 3.2% APRC.
2.84% Variable
then 5.89% (variable)
2.9% APRC

Fees and charges

  • Booking fee
    £199.00
  • Arrangement fee
    £800.00
  • Valuation fee
    £0.00
  • Other fees
    £855.00
  • Cashback
    £0.00

Other info

  • Exit fee
    £150.00

Flexibility

  • Overpayments allowed?
    Yes

Representative example
A mortgage of £130,000.00 payable over 25 years, on a ‘Variable rate’ of 2.84% would initially cost £605.71 for 0 months. This would be followed by 300 monthly payments at a variable rate of 5.89% costing £605.71 per month. The total amount payable over the full term of the mortgage would be £181,713.00, made up of the loan amount plus interest and fees (£1,149.00). The overall cost for comparison is 2.9% APRC.

6 Great reasons to choose Clever Mortgages

Specialists in bad credit

Every member of our team is trained in bad credit situations and know how to find the right solutions for customers – helping them get the mortgage that’ll get them back on track.

Over 100 lenders

The number and quality of lenders we work with means we have access to a diverse spectrum of best-rate deals. The lenders we use means we have all areas covered – even for those in particularly niche circumstances.

Experts in bad credit

We have helped 1000’s of people with bad credit. All our advisors are trained on securing mortgages for clients with bad credit. In short, we know this market.

Access To Exclusive Rates

We have access to every adverse friendly lender, we can often secure you exclusive rates you can’t find on the high street.

First class support

We know that sorting out a remortgage can be stressful – but our experienced team of experts will have any questions you have along the way, and will always be proactive when it comes to keeping you in the loop with your application progress.

Excellent Reviews

We’re proud of our long-standing 5 Star Rating on Trustpilot, and love all the positive feedback we get from customers every day. We feel privileged to help people get a great deal with far less stress.

Why use a mortgage broker?

Mortgage brokers can help you find the best deals on the market – not just from one lender. With a broker you’ll get:

  • Valuable knowledge, through years of experience helping customers to find mortgages
  • An improved chance at finding a mortgage, some mortgages are only available through a broker
  • Help with the application process, as usually just one application can be used across various lenders
  • Advice on how to improve your chances, for instance getting a guarantor or applying for a joint mortgage

About Clever Mortgages

We specialise in assessing an individual’s situation, and finding the right mortgage solution for them. We can help:

  • With remortgages, buy-to-let, and first-time buyers mortgages. We have experts who cover these areas
  • Even if you’ve got bad credit – we help people every day with a variety of credit histories to find the right mortgage
  • With applications, as we’ll take the hassle away. We require your details once and we’ll know the best lenders for your circumstance
  • Our team know the lenders that are most likely to say ‘yes’, and give you the best rates

What should I do next?

  • You enquire online with us today or request a call back
    Our simple form takes a couple of minutes to fill in, this gets the ball rolling
  • One of our experts will give you a call to find out more about your situation
    We have experts in remortgaging, who focus solely on helping customers save money
  • We do all the hard work for you
    We search the market for the trusted lender that’s right for you
  • Our expert will get back in touch
    We can guide you every step of the way, and we’ll always keep you up-to-date with progress

Speak to a broker

Christie Buck

Christie is a specialist mortgage broker, whose been working for Clever for 4 years. She has been in the financial industry for nearly 9 years which included assisting clients in financial difficulty setting up IVAs.

Call us on: 0800 197 0504

Below are some of the lenders we work with