At Niche Advice we have access to an array of lenders that offer a Right to Buy Mortgage . As a ‘whole of market’ Specialist Mortgage Broker we commonly use Mortgage Lenders that are not open to the general public. Now that you have been offerd to buy your council home you will need to get expert advice on which lenders are best suited based on your circumstances and property type. At Niche Advice we have helped many applicants fulfill the dream of buying their Council Property with a Right to Buy Mortgage.
No upfront Broker fees by us. You only pay once the deal completes.
- 100% Discount can be used as Deposit fund the mortgage
- Up to 5 times joint income
- Right to But Mortgage for Flats and Houses
- Expert advice in regards to lender affordability rules
- Insight on what type of properties can get a Right to Buy Mortgage
- Joint applicants Right to Buy with a Family member e.g mother or father and son
Example Product 1 – Right to Buy Mortgage for Council Property 100% (Residential)
[ezcol_1quarter]Initial Rate: 1.52%[/ezcol_1quarter]
[ezcol_1quarter]Subsequent: 4.24%[/ezcol_1quarter]
[ezcol_1half_end]The overall cost for comparison 3.90% APRC[/ezcol_1half_end]
The total amount you must pay back, including the amount borrowed is £314,179.91
Features: Figures are based on purchasing your council home. Flexible on property types.
| Type and initial benefit period | Fixed until 30/09/2021. |
| Minimum deposit / equity | 0% |
| Valuation fee | £200 |
| Booking fee | £0 |
| Lender arrangement | £999 |
| Telegraphic transfer / CHAPS fee | £0 |
| Lender Legal fee charged to your solicitor | £161 |
| Early repayment charge | 3% of the amount repaid in the fixed period |
Make an enquiry Online
For more information on a Right to Buy Mortgage for Council Property please call complete the enquiry form on this page or call the number below.
Any property used as security, which may include your home. may be repossessed if you do not keep up repayments on your mortgage
Important Information
Residential and Buy to Let Mortgages
Rates current as at 4/8/19 . The overall cost for comparison is based on an open market value of £300,000 over a 25 year term. Right-to-Buy examples are based on a discounted purchase price of £200,000. Repayment for Residential and Interest only for Buy-to-let (unless otherwise specified). Eligibility will depend on your own personal circumstances.
KEY – ERC = Main early repayment charge.
The purpose of this web is for information only and is based on a fictitious illustrative scenario. It does not constitute a Mortgage Offer in any way.
It is essential that you seek independent mortgage advice as a suitable product will be based on your own individual circumstances. An interest rate should not be read in isolation, and you should refer to your personal key facts illustration and Mortgage Offers for full terms and conditions. If anything is unclear it should be discussed fully with both your mortgage and legal advisors before entering into a mortgage contract with the lender.
The information contained herein is based on research through the Trigold (IRESS UK) sourcing system. When first published to this site the data is normally 24 hours behind real time, and may or may not still be available.
A first charge over your property is required as security for the loan.
The formal mortgage offer of an advance will be subject to a valuation and other satisfactory references.
