Right to Buy Mortgage
If you are a council tenant, The Right To Buy scheme enables you to buy your home at a discounted price, provided that you have been living there for two years and meet the other qualification criteria.| We understand how daunting it can be when you are faced with all the potential issues associated with buying your council house. Have you requested your Right To Buy documents from your landlord? Do it now. You’ve then got a year to finalise the purchase. Be warned , Right To Buy purchases can take a long time to complete. With recent property rises and lower interest rates it may be that you could be paying out less on a mortgage than in rent. |  |
Accepting the council’s offer to purchase your home can be an excellent way to get on the property ladder without the bother of saving for a deposit.
- All circumstances considered
- Any amount of Arrears and CCJ’s acceptable
- No income proof/self-certification schemes
- Borrow more than the council purchase price
- Up to 85% of the open market value
- Schemes for discharged bankrupts and IVA’s
Cost Comparisons
Right to Buy - The overall cost for comparison is 7.1% APR. The actual rate will depend on your circumstances. Ask for a personalised illustration. Rate correct as of 17/12/2008.
Bankruptcy/IVAs/CCJs - The overall cost for comparison is 10.0% APR. The actual rate will depend on your circumstances. Ask for a personalised illustration. Rate correct as of 17/12/2008.
Self Employed - The overall cost for comparison is 9.0% APR. Rate correct as of 12/12/2008. The actual rate will depend on your circumstances. Ask for a personalised illustration.
Bankruptcy/IVAs/CCJs - The overall cost for comparison is 10.0% APR. The actual rate will depend on your circumstances. Ask for a personalised illustration. Rate correct as of 17/12/2008.
Self Employed - The overall cost for comparison is 9.0% APR. Rate correct as of 12/12/2008. The actual rate will depend on your circumstances. Ask for a personalised illustration.
You have no need to worry as we take care of the legal services and arrange for a solicitor to act on your behalf. This all adds up to a Right To Buy hassle free process.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
There will be a fee for mortgage advice. Our typical fee is £595.