WHAT DO WE DO?
We pass on your no-obligation enquiry to a right-to-buy broker.
WHAT WILL THE BROKER DO FIRST?
Your personal broker will help in your search for the right-to-buy mortgage to suit you. They will search a range of providers including the high street banks and building societies.
THEN WHAT?
Their aim will be to help you decide on the most appropriate mortgage available for your circumstances.
WHAT IF I HAVE MONEY OR CREDIT PROBLEMS?
Many people have less than perfect credit. Your personal broker will have access to specialist mortgage lenders who accept applications from people with CCJs, defaults, IVAs, mortgage or rent arrears.
DO YOU COVER MY LOCAL AREA?
Yes, we cover the whole of England, Scotland, Wales and Northern Ireland.
WHAT DO I DO NOW?
Easy. Enquire about a right to buy mortgage now. All you need to do is to complete the quick no-obligation form to your right and your personal broker will contact you to discuss your requirements and help you through the process.
Introduction – the Right to Buy Warning – things to consider before deciding to buy your home
Who has the Right to Buy
Preserved Right to Buy
Rent to Mortgage
The discount rules Qualifying period
Reduction of discount (cost floor) Repayment of discount
What if I have purchased before?
Right of first refusal Buying a flat or maisonetteService charges
Other points on service charges
The costs of buyingHow much would I need to borrow?
Other costs of home ownership
Repair and maintenance
One off costs of buying your home
How do I apply?
Step 1 –Applying to buy
Step 2 –landlord’s response Notice
Step 3 –landlord’s Section 125Step 4 –Appealing to the Valuer
Step 5 –Resolving S125 questions
Step 6 –Getting a Survey Step 7 –Getting legal advice
Step 8 –What you want to do next Step 9 –Enquiring about mortgage Step 10 – Completing purchase
Delays or problems with saleExceptions to the Right to Buy
Other exceptions to Right to Buy
Rural restrictions Defective dwellings Right to Buy landlords
Other public bodies
Other booklets you may need
Useful addresses Chart to help you decide
Frequently asked RTB questions
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This information describes the Right to Buy scheme at the time of writing. Please check for up-to-date information with your broker. COUNCIL RIGHT TO BUY: Your Right to Buy your homeIntroduction – the Right to BuyUnder the Right to Buy scheme, you can buy your home at a price lower than the full market value. This is because the length of time you have spent as a tenant entitles you to a discount. This booklet describes the Right to Buy scheme as it works today, taking account of the changes made by the Housing Act 2004. The information in it applies only to England and Wales. We have tried to make it easy to understand – but it is not a substitute for professional advice. The booklet is a summary of the law relating to the Right to Buy. It is not intended to be comprehensive. If you wish to exercise your Right to Buy, it is recommended that you seek independent legal and financial advice about your individual circumstances and to help with the legal process of buying a home (you may wish to send your legal advisor a copy of this booklet). You should also seek independent financial advice about the different types of mortgage that are available. The Right to Buy is aimed at secure tenants of local authorities and those assured tenants of Registered Social Landlords who previously held secure tenancies with local authorities – for example, those who became assured tenants after their council homes were transferred to housing associations (see the section on the ‘Preserved Right to Buy’) Click here for the next page ... © Crown Copyright (Correct at time of writing January 2005. Please check with your financial services provider for any changes.)
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