Council Right To Buy Tenant Loan UK
Council Right To Buy Tenant Loan - council "right to buy" mortgage for council tenants (non homeowners) in the UK
Council Right To Buy Tenant loan UK - mortgage loans for council tenants in the UK who their property
from the council. We can help you purchase your existing property with a right to buy mortgage loan - you may be entitled to big discounts to enable you
to buy your home from the council.
The "right to buy" is a
scheme that was introduced in 1980 and it means that you can purchase your home from a local authority (council) or a housing
association. Usually the property will cost less (much less in some cases) than if it were to be sold on the housing market because as a council
tenant your local authority will probably be able to offer you a discount. This will depend on the time you have been a council tennant.
This discount could be up to the value of £38,000. That is £38000 worth of equity that could be yours for free!
Do you qualify to purchase your property through the council right to buy scheme?
Most council tenants have the right to buy their home. People generally apply for laons or mortgages to do this. To qualify for the discount
you normally need to be the legal council tenant or tenants of the home you want to buy and you need to have been a tenant with your current
council or another right to buy council for at least two years. However you must refer to your local council for their criteria since different councils
are different.
How do you get council right to buy discount on your council home?
Different councils offer different council right to buy discounts to their tenants. The amount of right to buy discount you are entitled to
have will depend on the council you are with and how long you have been a council tenant. At the time of writing (2004), the maximum discount you can
obtain on a house is 60%.
CML (Council of Mortgage lenders) Director General Michael Coogan said:
Putting down a reasonable deposit is often something that most people struggle with. The right to buy discount that may be
available to you could provide you with the equivalent of a reasonable deposit.
Whether you are just wondering if you can afford to buy your council house or if you already have some council right to buy details from your
local council, we are happy to help you. If you complete the short enquiry form on the right hand side we will be able to
begin the process of assessing your personal situation and we could give you a fast loan decision about whether you would be
eligible to obtain a laon to help you purchase your council property.
Council Tenants with bad credit - even council tennants with poor credit rating,
bad credit history or adverse credit are welcome to apply on our site.
Even if you have a very bad credit rating, give us a try - we can introduce you to loans companies who deal with some of the best UK tenant loan
and mortgage lenders and they can usually offer very competitive rates. Even if you've been declined a loan or mortgage before, they could possibly
still help as they have years of experience in helping people in exactly this situation.
Click the apply now button to apply online for your free right to buy loan quote or add us to your favorites so that you can revisit us if you are shopping around.
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