If you have lived in your council house for a considerable amount of time, then a council right to buy mortgage could be suitable for you. A right to buy mortgage is when you are able to purchase the property from the council at a discounted price.
The right to buy discount that you are entitled to will vary depending on your particular situation, so you’ll need to contact the local authority that you are currently renting from to get the exact details for you. Generally, you will have had to of been a resident in your home for a minimum of two years to be eligible to buy it at a discounted price.
If you are eligible to purchase your house at a discounted price, then the discount can range from £16,000 to £38,000, including flats and houses. Ok Again, it will depend on your particular situation and your local authority, so you’ll need to get in touch with them and see what they say.
Many lenders are offering right to buy mortgages at extremely favorable rates and you will be pleased to know that we have access to all of these lenders and can arrange your right to buy mortgage in the shortest possible time and with the absolute minimum of fuss.
If you would like further details please do not hesitate to contact us on 0800 612 7729 or fill in a few details on enquiry form and have one of the Leapfrog Finance Advisors call you back, alternatively, email us at Enquiry@leapfrogfinance.co.uk