Right To Buy
The Right to Buy scheme was originally launched in the 1980s, and provides council tenants and some housing association tenants the opportunity to buy their home at a discount in order to help more people get a foothold on the housing ladder.
The discount is calculated on the basis of how long you have been a tenant of the council or housing association for, and can be as much as 70% off the purchase price - capped at a maximum of £108,000 in London and £80,900 elsewhere in England.
The discount can then be used towards the deposit required for a mortgage, meaning that in a lot of cases, you do not need to put any of your own funds towards the transaction. This can be a great help in helping you achieve your dream of home-ownership.
Our advisers have a wealth of experience in arranging mortgages on the Right to Buy scheme and will be on hand to give you advice and guidance at every step of the way. We will discuss with you the implications of buying your property, rather than continuing to rent it, and make sure you are fully aware of the cons, as well as the pros, of becoming a home-owner. We will also help you complete the necessary paperwork with the council if required.
We also have a great breadth of knowledge in terms of which lenders favour which type of council property and development (including high rise and deck access properties), so as to ensure that you do now waste valuable time and money applying for mortgages with lenders who would not be able to lend on your property.
The Right to Buy scheme was originally launched in the 1980s, and provides council tenants and some housing association tenants the opportunity to buy their home at a discount in order to help more people get a foothold on the housing ladder.
The discount is calculated on the basis of how long you have been a tenant of the council or housing association for, and can be as much as 70% off the purchase price - capped at a maximum of £108,000 in London and £80,900 elsewhere in England.
The discount can then be used towards the deposit required for a mortgage, meaning that in a lot of cases, you do not need to put any of your own funds towards the transaction. This can be a great help in helping you achieve your dream of home-ownership.
Our advisers have a wealth of experience in arranging mortgages on the Right to Buy scheme and will be on hand to give you advice and guidance at every step of the way. We will discuss with you the implications of buying your property, rather than continuing to rent it, and make sure you are fully aware of the cons, as well as the pros, of becoming a home-owner. We will also help you complete the necessary paperwork with the council if required.
We also have a great breadth of knowledge in terms of which lenders favour which type of council property and development (including high rise and deck access properties), so as to ensure that you do now waste valuable time and money applying for mortgages with lenders who would not be able to lend on your property.
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