Right to Buy mortgages
What is a Right to Buy Mortgage?
We can guide you through the mortgage maze and advise you on the most suitable mortgage deal without any unnecessary jargon. Our Advisers will help you through the mortgage application step-by-step, working out how much it will cost and how much you can afford to borrow. Also what type of mortgage may be most suitable for your circumstances and there are no complicated forms to fill out.
How it Works
The Right to Buy Mortgage Scheme has helped more than one million housing association and council tenants to buy their council own home at a discounted rate. The mortgage scheme enables local authority secure tenants with a minimum of three years tenancy to buy their current home.It is targeted at long-standing public tenants. The right to buy discount increases in proportion to the years that rent has been paid. To qualify, the home must be your only home and also be self-contained. You also need to have a public sector landlord such as the council for the three years. However, the tenancy doesn’t have to be continuous. A joint application is also possible. Up to three family members that have lived in the property for at least one year are also eligible.
Ready to Assist You
Choosing a financial product or service, such as a mortgage, remortgage, loan or insurance can be daunting and your choice is a decision you need to get right. For this reason, it is vital that you get impartial advice fr om competent and qualified advisors. Whether you are a first-time buyer, looking to remortgage, hoping to remortgage or even buy a property to let, needing a loan or insurance this is wh ere our advisers excel.
Be reassured that our aim is to guarantee reliable financial advice appropriate to any individual that makes contact with us. Through our network of contacts, we have access to thousands of financial products, from mortgages to loans to insurance, so we are confident that we’ll find one to suit you.
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Contact Us
Our Office is open 9am-5pm from Monday to Friday. Please contact us by either phone or email, using the contacts below.
Finance Advice Centre Ltd is an appointed representative of Finance Advice Group Ltd, which is authorised and regulated by the Financial Conduct Authority in respect of mortgage and insurance mediation activities only. Finance Advice Group Ltd is entered on the Financial Services Register https://register.fca.org.uk/ under reference 624517.
Some types of buy to let mortgages are not regulated by the Financial Conduct Authority.
As a mortgage is secured against your property, it could be repossessed if you do not keep up the mortgage repayments.