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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Right to buy mortgage
MelissaTM
Posts: 1 Newbie
Hi everyone!
I am hoping this hasn't been answered elsewhere, I have checked before posting...
My husband and I are finally in a position to buy our first home together.
We have applied to use the right to buy scheme as we have lived in our council house for a long time and should be eligible.
Whilst waiting to hear if our application has been approved we have been looking into mortgage's.
It never crossed our minds before but it seems that some lenders will not take on RTB mortgages.
I was hoping for some recommendations or advice please .
I am hoping this hasn't been answered elsewhere, I have checked before posting...
My husband and I are finally in a position to buy our first home together.
We have applied to use the right to buy scheme as we have lived in our council house for a long time and should be eligible.
Whilst waiting to hear if our application has been approved we have been looking into mortgage's.
It never crossed our minds before but it seems that some lenders will not take on RTB mortgages.
I was hoping for some recommendations or advice please .
0
Comments
-
@melissaTM It's nothing to worry about, there are a good number of mainstream lenders who offer RTB mortgages. Once you have your S125 from the council, you can start looking at options for a mortgage either using a broker or direct.MelissaTM said:Hi everyone!
I am hoping this hasn't been answered elsewhere, I have checked before posting...
My husband and I are finally in a position to buy our first home together.
We have applied to use the right to buy scheme as we have lived in our council house for a long time and should be eligible.
Whilst waiting to hear if our application has been approved we have been looking into mortgage's.
It never crossed our minds before but it seems that some lenders will not take on RTB mortgages.
I was hoping for some recommendations or advice please .
I am a Mortgage Adviser - 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.
1
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.2K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247.2K Work, Benefits & Business
- 603.8K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards