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  • FIRST POST
    • sammyw84
    • By sammyw84 12th Mar 18, 3:52 PM
    • 34Posts
    • 11Thanks
    sammyw84
    Right to buy Mortgage
    • #1
    • 12th Mar 18, 3:52 PM
    Right to buy Mortgage 12th Mar 18 at 3:52 PM
    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
Page 1
    • ACG
    • By ACG 12th Mar 18, 3:55 PM
    • 17,045 Posts
    • 8,932 Thanks
    ACG
    • #2
    • 12th Mar 18, 3:55 PM
    • #2
    • 12th Mar 18, 3:55 PM
    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.
    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.
    • Amara
    • By Amara 13th Mar 18, 9:26 PM
    • 1,972 Posts
    • 7,293 Thanks
    Amara
    • #3
    • 13th Mar 18, 9:26 PM
    • #3
    • 13th Mar 18, 9:26 PM
    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.
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    • deederei
    • By deederei 29th Apr 18, 10:29 AM
    • 1 Posts
    • 0 Thanks
    deederei
    • #4
    • 29th Apr 18, 10:29 AM
    • #4
    • 29th Apr 18, 10:29 AM
    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
    • By ACG 29th Apr 18, 12:00 PM
    • 17,045 Posts
    • 8,932 Thanks
    ACG
    • #5
    • 29th Apr 18, 12:00 PM
    • #5
    • 29th Apr 18, 12:00 PM
    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?
    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.
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