Right to Buy gives you the opportunity to purchase you own council home. If you have lived in the property for some time (a minimum of two years), you may be able to buy it from the council at a reduced price. Fresh Mortgage.NET can help you understand the Right to Buy process and help arrange a Right to Buy mortgage in your area. Call us today to discuss your current situation with a member of our friendly, expert team.
What is a Right to Buy mortgage?
Right to Buy mortgages were introduced in 1980 as a scheme to help council tenants purchase their own property. The Right to Buy works by allowing you to buy the council house you are currently living in at a discount price. The longer you have lived in the property, the bigger the discount - and you will retain the title deeds from the council upon purchase. Some lenders will offer Right to Buy mortgage deals with good rates of interest.
Are you eligible for a right to buy mortgage?
You may be eligible for a Right to Buy mortgage if you:
Please call us on Freephone 0800 612 5094 or complete our on-line enquiry form for a free consultation with one of our friendly and experienced team. We are happy to discuss your situation and help you choose the best Right to Buy mortgage option.
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 may be fee charged for mortgage advice. The precise amount will depend upon your circumstances but the maximum fee would be 1.5% of the loan value. Some mortgage and insurance products are not regulated by the FSA.
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