COUNCIL RIGHT TO BUY 0845 75 73 724

   

Home Secured Loans Mortgages & Re-Mortgages Council Right To Buy Other Loans Invoice Financing Other Sites To Visit Alternative Healthcare Application for Secured Loans Application Form for Unsecured & Mortgages PayDay Loan Application Form		Right To Buy - is usually offered only to Council Tenants. Instead of paying rent each month why not pay a mortgage and build up the equity in your property for your future. In many cases you may well pay the same for a Mortgage as you are in rent - so what do you have to lose! You must first obtain, in writing, an offer from your Council to purchase. The Offer to Purchase will confirm the Value of the property, the amount of Discount you are entitled to and the Discounted Purchase Price (DPP). The DPP is the amount the council is willing to sell the house to you should you wish to proceed with the purchase. The amount of discount that is allowed is usually based on the rent previously paid and how long you have been a council tenant for. The DPP is the amount you will need to raise as a Mortgage, some lender allow you to borrow in excess of this amount so you have funds to do home improvements. For example House Valuation by council £50,000 Discounted Purchase Price £25,000 Amount that could be Lent £37,500 You must remember that there will be Legal and Valuation Fees to be paid. Many Council Tenants are now taking up the opportunity to purchase their homes from the Council but some are put off if they have adverse credit. If you have adverse credit do not be put off, there are lenders who will help you to own your own home. Our Mortgage Specialist will be happy to call you, discuss your requirements and give you a quotation. You are under no obligation to proceed with us. Your home is at risk if you do not keep up repayments on a mortgage or other loans secured on it.