Independent Mortgage Brokers
Right To Buy...
Local authorities offer tenants the right to buy the council housing they occupy, usually at a discount depending on the length of the time as a tenant.
Many lenders are happy to help you carry out your right to buy, at very competitive rates due to the reduced purchase price of the property.
In some cases the lenders will even lend you more than the required amount to purchase the property. This enables you to carry out some home improvements once the property is yours.
You usually have to own the property for a minimum period before selling or the council will reqire a percentage of the discount given to be repaid to them. They usually say 3 years.
When buying a right to buy property most people like to be guided through the house buying process step by step and that is another way we can help.
Your home may be repossessed if you do not keep up repayments on your mortgage.
For mortgage advice you can choose how we are paid, pay a fee of usually £500, or we can accept commission from the lender.
The FSA does not regulate legal advice and some forms of mortgage.
The overall cost for comparison is 9% APR. The actual rate available will depend upon your circumstances. Ask for a personalised illustration.
