How much deposit will I need for a Right to Buy mortgage with bad credit?

In most cases you will not need to use any of your own funds as the discount offered to you by the council for the Right to Buy scheme is often substantial and can be as high as 50% of the property value, this discount can be used as your source of deposit. This is hugely beneficial for people with bad credit as raising a sufficient deposit to support an application with bad credit can often be the main sticking point.

Check with our specialists to understand the exact deposit needed in your situation.

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