We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Council discount RTB
Droopyk
Posts: 80 Forumite
Hi All,
I'm looking at buying my council flat sometime next year, and have heard you can use the RTB discount as a deposit ??.
Can anyone please confirm if it's actually true.
Thanks in advance Karl
I'm looking at buying my council flat sometime next year, and have heard you can use the RTB discount as a deposit ??.
Can anyone please confirm if it's actually true.
Thanks in advance Karl
#95 1p challenge =£667.95 1p challenge=£667.95 Reverse 1p challenge=£667.95 Reverse 1p challenge=£667.95 £1 weekly challenge =£1378 £2 a day challenge=£730 £1 a day Xmas challenge=£365Mortgage £141k..... Looking to reduce by £15k by end of yearCredit cards#1 Barclaycard =£3500#2 Amex plat =£1700#3Amex b.a=£2200#4 M&S =£1800#5 Marbles=£2700#6 Debenhams=£1500#7 Tesco=£800Looking to clear at least 5 by end of year
0
Comments
-
It's true Karl.
Being able to mortgage a council flat will depend on what it is made of, type of structure, location, number of storeys, proportion of those owned to those still council etc.
Then, there's your "mortgageability" such as credit worthiness and affordability.
An independent mortgage broker with experience of right to buy and possibly non-standard construction may be a good first port of call before you submit your RTB1.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
some lenders will indeed accept it as a deposit."enough is a feast"...old Buddist proverb0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards