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righttobuy WHAT DO WE DO?

We pass on your no-obligation enquiry to a right-to-buy broker.

righttobuy 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.

righttobuy THEN WHAT?

Their aim will be to help you decide on the most appropriate mortgage available for your circumstances.

righttobuy 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.

righttobuy DO YOU COVER MY LOCAL AREA?

Yes, we cover the whole of England, Scotland, Wales and Northern Ireland.

righttobuy 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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we keep it as simple as possible...

COUNCIL RIGHT TO BUY: Your Right to Buy your home

Buying a flat or maisonette

What are the differences from buying a house?

If you buy a house, you will purchase the freehold and will own the property outright. If you buy a flat or maisonette, you will usually purchase a long lease. This allows you and your successors to live in it for a fixed time, usually 125 years. The block will still be owned by a landlord, and he will be responsible for the upkeep of the building as a whole and of any communal areas and facilities.

As a leaseholder, you only have to pay the landlord a nominal rent (known as a ‘ground rent’) of £10 a year. But you and other leaseholders will also have to pay him service charges. These can be perhaps several hundred pounds each year, or much more if the block needs major repairs or maintenance, such as a new roof or new windows, and improvements.

Leaseholders can sell their properties at any point during the lifetime of the lease. The person who buys it pays to take over the remainder of the lease. So if you buy your home on a 125-year lease, and sell it after 15 years, the buyer will get a 110-year lease.

Under your lease:

• Your landlord will be responsible for repairing the structure and outside of your flat and the rest of the building. This includes routine repairs and maintenance, and also major maintenance and refurbishment works (for example, repairing the roof or replacing a lift), which can be very expensive.

• Your landlord will usually provide services like communal lighting, and cleaning staircases and passageways, and perhaps supplying hot water to your flat.

• You will have to pay a reasonable share of the costs for these works and services. Your share is determined by the number of flats or maisonettes in the block.

• You will also usually have to pay a charge towards the landlord’s costs of managing the block – often calculated as a percentage of the charges for services and maintenance.

• You will also be responsible for keeping the inside of your flat in good repair.

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© Crown Copyright (Correct at time of writing January 2005. Please check with your financial services provider for any changes.)

Enquire about a right to buy mortgage now.

All you need to do is to complete the no obligation form below and a broker will contact you to discuss your requirements and help you through the process.

Dont worry if you cannot complete all the fields, just enter the information you can.

Free Right to Buy Enquiry

1st enquirer's date of birth

2nd enquirer's date of birth

Mortgage term required (years)

Have you received your valuation from your council yet?

No
Yes

Have you asked a solicitor to act on your behalf for your right to buy purchase?

No
Yes

Is your property of standard construction?
(brick built and tiled/slate roof)

Yes
No
Not sure

What is the type of your property?

Is this a Single or Joint enquiry?

1st enquirer's annual income

2nd enquirer's annual income (before tax)

Amount you want to borrow (if known)(*)

Council valuation of the property (if known)

Discounted right to buy price (if known)

Value of outstanding debts/loans/credit cards

Can a broker perform a credit check?

Please read carefully: If you suspect that you currently have a less than perfect credit history or suspect you have EVER had any credit problems whatsoever, please tick. Before a lender provides you with a mortgage they will ALWAYS perform a credit check and will discover your actual credit history. Not declaring it at this stage may count against you.

None
CCJ
IVA
Defaults
Arrears
Bankruptcy
Late/missed loan payments
More than 1 or other‚ please record below

Any comments or details of any credit issues (rent arrears, defaults, ccjs etc)

Title:

First Name:

Last Name:

Address:

Postcode:


Please note it is not always possible to process enquiries based solely on the information contained in this form. Each case is unique and it may be necessary to speak to you to be able to assess your own particular circumstances to help find the most appropriate course of action. Please supply at least one phone number.

Home phone:

Work phone:

Mobile:

When can you be contacted?

 Daytime  Evening  Weekend

Email address:

Terms and Privacy

 

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
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