Finding a Right to Buy mortgage with bad credit can be difficult and has to be approached carefully. Due to the shortage of lenders available in this market, getting the application right the first time is very important. Having the experience of a specialist adverse credit mortgage broker will greatly enhance your chances of success.

I’ve helped many people with bad credit to buy their council home with a Right to Buy mortgage. For a free no obligation chat, get in touch today.

Steven Neale – Specialist Bad Credit Mortgage Broker

Our experience as first time buyers was simply exceptional! We have been guided through the mortgage process and buying our first home has been an easy journey thanks to your professionalism and efficiency.

Esrskine&Machaj
13th Jan 2022

After thinking I was going to lose the new home I had fallen in love with, Steven worked hard with me and understood my circumstances. I was at the point of nearly giving up and within 4 weeks I had a full mortgage offer. Thank you for making my dreams come true. I would highly recommend your services. Absolutely no bull or jargon.

T Jones
10th Jan 2022

The service we have received has been amazing. We were kept up to date every step of the way. Honestly, the relief on my face when I received your email with the mortgage offer was priceless. I can not thank you both enough you are both amazing at what you do. We can not thank you enough for everything, Thank you so much, you have made our dreams a reality.

Foster
4th Nov 2021

Thank you foremost for choosing to specialise in adverse credit services for people. All we read online is that it is not possible or easy to get any form of credit when you have or settle an IVA and I’m so glad I kept looking and found you. You have helped us more than you’ll ever realise. We are so happy to have a chance to start again and be able to remain on the property ladder, all thanks to you.

Daw
1st Nov 2021

I would highly recommend Steve and Sue. Getting a mortgage seemed to be difficult for me at first when speaking to another advisor, I very nearly gave up due to the lack of effort and communication. Once we got in touch with Steve everything fell into place. Both Steve and Sue were very professional and informative throughout the process.

Thomas
27th Jan 2022

Steven & Sue have been absolutely amazing through the whole process – extremely calm, organised and helpful. We will definitely be using them in the future and would highly recommend them to family & friends.

Harden
20th Sept 2021

Steve and Sue have been absolutely amazing. I was really worried about my financial history meaning I wouldn’t be able to get a mortgage but they were nothing but supportive and non-judgemental, always available to explain things and answer questions as well as extremely efficient.

Mulready
18th Jan 2022

The professionalism of Steve and Sue is second to none. We were advised of our options and guided through the application process every step of the way. The big thing for us was the personal touch and relationship we built. My wife and I both agreed it felt like Steve and Sue are so motivated because they actually want to help. Probably the best professional service I have ever used so if you find yourself in need of a specialist mortgage broker look no further. Great service great people.

Hayward
28th March 2022

Struggling to ‘get back’ on the housing ladder after 15 years and being ‘self-employed’ was proving near enough impossible, until we found Steve & Sue. They found us a lender that would use my ‘day-rate’ rather than the usual ‘self-assessment’ and even though there was stumbling blocks along the way, they get us over the line with a ‘mortgage offer’! We can’t thank them enough and would definitely have no hesitation in using them again!

Day
28th July 2021

A fantastic service provided by SN Mortgages once again. Highly recommend SN Mortgages, they have been brilliant at finding the best rates for us, keeping in regular communication and quite frankly achieving the impossible! Where other brokers fail to come back to us or could not find a deal, SN would always go the extra mile and revert back. Thank you so much!

Patel
22nd July 2021

We are so grateful to Sue and Steve for all their effort in helping us get our mortgage. Their knowledge and clear love of their job shines through and they have been on hand to answer all our questions no matter how silly or small. They have clearly explained everything from start to finish which has made us feel so much more at ease throughout the whole process. We can’t recommend them enough!

Young
1st July 2021

Can I get a Right to Buy mortgage with Bad Credit?

Yes, it is possible to get a Right to Buy mortgage if you have had credit issues in the past. I work with many lenders who are happy to consider applications for Right to Buy mortgages from those with bad credit issues such:

  • Missed and late payments
  • Defaults and CCJs
  • Debt management plans
  • IVAs
  • Mortgage arrears
  • Bankruptcy

You would typically struggle to get a Right to Buy mortgage through a high street lender if you have bad credit.

Can you get a 100% Right to Buy mortgage with Bad Credit?

Yes is the answer, you can borrow 100% of the Discounted Purchase Price to buy your council home with bad credit. I work with up to 7 different lenders who will offer a 100% Right to Buy mortgage if you have bad credit.

The first thing to do is to download a copy of your credit file from Check My File as they provide data from three credit reference agencies – Equifax, Experian & TransUnion – so it is a good place to start to get an overview of your credit history. It may be that once I have identified a lender, we get copies of your credit file directly from the agency the lender uses to make absolutely sure your credit history is OK for that particular lender.

Can you get a Right to Buy mortgage if your partner has bad credit?

If you’re applying for a Right to Buy mortgage with a partner, their credit history will be equally considered on the application. If your partner has bad credit, such as issues with defaults or missed payments, you will likely have to use a specialist lender.

If both you and your partner have bad credit, there are still lenders who can help, depending on the severity of the credit issues, how they came about, and the status of them. For lesser credit issues like missed payments and defaults, your chances will be greater compared with more serious issues like bankruptcy and IVAs.

What is the lending criteria for Right to Buy mortgages with bad credit?

This will vary depending on your credit history so if you have the Right to Buy but are struggling to find a mortgage, give me a call or drop me an email and I will see how I can help.

Can you get a Right to Buy mortgage with a default?

Yes, I can match you with lenders who will accept applications from those with one or more defaults on their credit files. I will need to understand the details of the defaults, such as when they were registered, the reasons and amounts for them, and their current status. I work with several lenders who will provide a Right to Buy mortgage to people with defaults.

Can you get a Right to Buy mortgage with a CCJ?

A CCJ is a more serious credit issue, however there are lenders who will consider applications from those with up to 6 CCJs registered. Most people reading this won’t have more than 1 or 2 CCJs, and therefore will have a wider pool of lenders willing to consider their application for a Right to Buy mortgage.

Can I get a Right to Buy Mortgage with an IVA?

Yes, it’s possible to get a Right to Buy mortgage having had an IVA. I work with a few lenders who are able to offer Right to Buy mortgages to those who have had an IVA, who will consider when the IVA was registered and what the circumstances were around it. 

Right to Buy in London

With the rise in London property prices over the past few years, now may be a good time to see if you have the right to buy your home from your Landlord.

Right to Buy in London has seen over 250,000 Londoners get onto the property ladder since the Right to Buy scheme was introduced by Margaret Thatcher (source BBC website 12th January 2015) and with discounts for London increasing to £103,900 from April 2015 and the Right to Buy qualifying period being reduced down from 5 years to 3, more and more tenets are now becoming eligible to buy their council home.

How I can help you get a Right to Buy Mortgage with Bad Credit

There are only a few lenders who offer Right to Buy mortgages to those with bad credit. This makes getting the application right the first time vital. 

A specialist adverse mortgage broker such as myself has a full understanding of lending criteria for those offering Right to Buy mortgages to those with poor credit. I can use this to match you to a lender who I am confident will accept your application for a Right to Buy mortgage.

For more information on Right to Buy mortgages with bad credit, please call me 01494 526400 or complete my online enquiry form.

3 REASONS TO ASK ME TO ARRANGE YOUR MORTGAGE

Years of Experience

I specialise in Bad Credit Mortgages for people who have a poor credit history because of any number of reasons.

Choice of Lenders

I am a Whole of Market, Mortgage Broker meaning I can talk to every lender to see about finding you the right mortgage.

Saving You Money

As a specialist Mortgage Broker for over 30 years I have a great deal of experience that will help save you time & money.