Mortgage IQ

If you have the right to buy your council house then we can help you do exactly that, in the most hassle-free way.  Our friendly advisors are highly knowledgeable in the processes involved so we know exactly what you need.

A ‘Right to Buy’ is an offer made to council tenants who have lived in their council property for a specified number of years, to purchase their property from the council, making the property their own.  The property is bought at a price lower than the full market value (depending on the period lived at the address).

To discover if you are eligible, and how much discount you may be entitled to you will need to contact your local Housing Executive District Office. The process will involve the completion of an application form, you will then receive a letter within two weeks explaining if you application has been accepted or declined. The Housing Executive will then visit your home to value it. The Housing Executive should tell you the offer price within 12 weeks. 

As you are buying the house at a discounted price to the market value, you can in some circumstances borrow up to 95% of the market value of the property, which in turn can give you extra money to do home improvements or consolidate some outstanding loans. Our Mortgage IQ adviser would be happy to discuss this with you.

From this stage onward, buying your Housing Executive home is similar to buying any other home. Here at Mortgage IQ, we can find you the perfect mortgage for your individual circumstances, and most importantly, we will ensure that you understand every feature of your new mortgage.