A successful mortgage application could be affected if you have had bad credit problems in the past, including defaults, CCJs, and bankruptcies.

But don’t panic. Our advisers have years of experience in helping people with bad credit, right to buy mortgages being one such speciality.

If you have previously applied for a mortgage on the right to buy scheme and have been declined to a bad credit issue, call our friendly team now to see how our advisers can help you.

How our advisers can help

Our advisers work with mortgage lenders that will consider right to buy mortgages, even for people with bad credit history.

We specialise in helping housing association and council tenants, despite low credit scores.

With access to right to buy mortgage lenders, and an expertise in assisting those with bad credit, our advisers could get you quickly placed.

Can I get a right to buy mortgage with bad credit?

In late 2016, changes occurred in the mortgage market relating to lending criteria. This means it’s now possible for people to successfully apply for a right to buy mortgage, despite having poor or bad credit issues. This can include people that:





  • have a poor or low credit rating score
  • have been late with payments, with defaults on file
  • have had county court judgements (CCJs) against their name
  • have been placed on a debt management plan

Right to buy with bad credit mortgage lenders

There are a few specialist lenders in the market who can offer you a home loan, despite issues with your credit rating. Even if you have been declined by the traditional high street lenders and building societies, there’s every chance you can still secure a right to buy mortgage.

Whilst you might have struggled previously with the usual mainstream lenders, our advisers could be able to place your application with a lender accepting mortgages for bad credit and right to buy. 

To get quick and expert advice on getting a right to buy mortgage with bad credit, call our team now who can lead you through the steps you need to take to be successful.

Frequently asked questions (FAQs)

Below are just a few of the most commonly asked questions our advisers are asked by people enquiring about a right to buy mortgage and poor credit.

What is the right to buy scheme?

The right to buy scheme is a government initiative that helps eligible housing association and council tenants in England (there are similar schemes in Wales, Scotland, and Northern Ireland) buy their homes.

The scheme can offer discounts of up to £108,000 in London and £80,900 outside of the capital, giving applicants the ability to get onto the property ladder.

Can I buy a flat in a high-rise building?

This really depends on the mortgage lender, as there are some in the market who will refuse to lend on high-rise buildings.

Whilst the right to buy scheme can be used on both houses and flats, it’s important to work with a broker or adviser you will place your application with the right type of lender.

What is the maximum age for an application with right to buy?

The right to by scheme doesn’t have a maximum age limit, being open to all candidates.

However, most mortgage lenders will have their own set age limits, which tends to fall in the bracket of 65 to 80 years old.

Talk to one of our advisers, and they will be able to place your application with the lender prepared to accept you based on the age your mortgage term would be ending.

Are there right to buy mortgage lenders for bad credit?

Yes, there are. 

More lenders are now offering right to buy mortgages in the UK. These lenders let council and housing association tenants get onto the property ladder.





But, if you have had bad credit issues, it can limit your scope on the types of lenders you can approach.

However, our large panel of lenders have access to specialist right to buy mortgage lenders prepared to work with bad credit applicants.

How can I tell if I have bad credit?

If you have bad or poor credit, it can stop you from applying for loans, credit cards, and could prevent you from getting a mortgage with certain lenders.

However, don’t panic, as our advisers are specialists in bad credit mortgages.

You might not even know you have bad credit until such time you get a call from a debt collection agency or are refused credit at some point. It’s recommended that you check your credit score and history before making a mortgage application.

But there are some signs to look out for which could indicate you fall into this bracket:

  • You were rejected for a credit card or loan application.
  • Your credit card account was closed down by the lender.
  • You can only get high APR and lower credit limits.
  • You have to pay a deposit on household utility bills.
  • You are getting calls and letters from debt collection agencies.
  • You are struggling to get a job due to employers checking credit files.
  • You are finding it hard to rent a property as landlords could check credit.

Our advisers are specialists in the right to buy with bad credit mortgage market and can advise you on what checks you can make before an application.

Can I get a right to buy mortgage with no deposit and bad credit?

Many mortgage lenders let applicants use the scheme discount count towards the home deposit, meaning some people can buy a home with no deposit at all.

There are also lenders in the market who are prepared to accept applications from people who have bad credit, and our advisers can help you to find the best to suit you.

Can I get a right to buy mortgage with a CCJ?

All mortgage lenders assess each application based on risk. There will run calculations to ascertain whether they believe you will be able to make repayments, much of that based on previous financial records including evidence of bad credit of county court judgements (CCJs).

Bad credit, bankruptcies, CCJs, defaults are kept on your record for 6 years. The more time that has elapsed, the better as they will start to degrade in risk factor.

Don’t panic, our advisers are specialists in bad credit mortgages, helping people all around the UK in getting mortgages despite historical defaults and CCJs. 

Can I use my discount as a deposit?

Some lenders our advisers work with will accept a right to buy discount as a deposit, but not all. Some lenders in the market will instead want you to put down a traditional cash deposit, which could mean you may not be able to use them.

By using a specialist adviser, you can get access to lenders most suited to you and your financial circumstances, some of whom will accept discounts as deposits.

The more deposit you can put down, the lower you monthly mortgage repayments will be, and could also open up your application to a wider range of lenders with more preferable rates. 

Can I borrow more to help with home improvements?

You might be able to, but it depends on the property value, how much discount you received on the right to buy scheme, and the maximum loan to value (LTV) ratio of the mortgage lender.

If you are allowed to borrow more for home improvements, you might still have to get permission granted by the property freeholder before you make any alterations or changes to the house or flat. 

Can I rent out a right to buy property when I have a mortgage?

You might be able to, but you would need to check with the landlord first, and then ask for permission from your mortgage lender. 

Many lenders will switch your mortgage to a different product, possibly with a higher interest rate on a buy to let mortgage agreement.

How likely am I to get accepted?

We cannot offer any advice on whether or not you will be accepted on the right to buy scheme. However, our advisers can help you with advice on getting accepted for a right to buy mortgage with bad credit.

To get started, just call our friendly team or complete the enquiry form for a call back from one of our specialists. 

Can I make a joint mortgage application?

Joint mortgages are just the same as any other type of mortgage, the exception being the property will be in all names, not just your own.

Every person named on the mortgage will be responsible for making the repayments, but you can make a decision on how much equity in the property each person has.

There are three types of people who can be on a joint application for a right to buy mortgage:

  • another person who is on a joint tenancy agreement with you
  • your civil partner or spouse
  • as many as 3 members of your family

When can I sell the right to buy property?

The scheme has some caveats in place with regards to selling the property. For example, if you want to sell the property in the first 10 years of buying, then you are obliged to offer it at first to one of:

  • the old landlord
  • another local social landlord

The sale price of the property has to be agreed with you and the landlord, at the full market price. If the both of you cannot agree, the price will be set after consultation with a district valuation expert.

If after this process, the landlord does not agree to the purchase within 2 months, you can then place the property onto the market for someone else to buy.

What to do next

The key to a successful application, despite having an impaired credit history, is being able to attribute those problems at a certain time, rather than being a reflection of your on-going ability to manage money.

Your choice of lenders who will accept mortgages for right to buy with bad credit will be reduced. Not all of those lenders will be available on the consumer market, but the ones that are can help people with CCJs, defaults on their file, and poor credit history.

That’s why it’s important to work with a specialist adviser who can lead you through the available options.

To get started, call us or send an email through our contact form for a call back.