Right to buy Mortgage

sammyw84

Hi all hope this is ok to post,

were looking to buy our council property later this years and i was wondering where is the best place to look for a right to buy mortgage? do i have to go to a specialist place?

any advice would be much appreciated, we are first time buyers with fair to okish credit

ACG

Any mortgage broker should be able to help.
Most high street lenders would be available, although some need you to put in a deposit on top of the discount.

Amara

You can simply call your bank or any bank and ask. Buying Right To Buy property is no different then buying on the market. Only some banks accept discount as a deposit, others don't.

deederei

I'm trying to buy my council flat and cannot find a lender. Apparently if you don't live in London lenders do not like to lend on a high rise. Mine is 6th floor. If anyone has actually managed to find a lender for such a property outside of London please let me know.

ACG

Is there a lift?
Do you have an idea of how many in the block are owned (as a percentage)?
There are 1 or 2 lenders who would probably do this all day long, but their rates are going to be around 6-7%. To get better rates it will depend on the questions above. Have you spoken to a broker?