RIGHT TO BUY
Right to buy schemes are designed for people who have been given the entitlement to buy their council home.
Depending on how long you have been living in your property you may be entitled to a range of discounts off the value of your property.
Most lenders will allow you to borrow the money to buy the house for the council selling price however there are now a growing number of specialist lenders who will allow you to : -
- Borrow into the equity from the discount the council are giving.
- Assist the Purchase even if you are not named on the ‘Right to Buy’ papers.
- Ability to Remortgage within the council pre-emption period
The overall cost for comparison is 7.6% APR. The actual rate available will depend upon your circumstances. Ask for a personalised illustration.
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The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK