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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

right-to-buy counill-right-to-buy
we keep it as simple as possible...

COUNCIL RIGHT TO BUY: Your Right to Buy your home

Right to Buy: The costs of buying

Buying your home is a major financial commitment. Apart from paying for it (upfront in cash or with a loan), you will then have to maintain it. As explained above, if you buy a flat on a long lease, you will also have to pay service charges.

Unless you are going to buy your home with cash, you will need a mortgage (i.e. a particular kind of loan). There are various kinds of mortgage which your bank or building society can tell you about. An independent adviser may also be able to help. See the free Financial Services Authority (FSA) guide to mortgages for information on the different types of mortgage available – call the FSA Consumer Helpline on 0845 606 1234.

You will have to repay the mortgage, plus interest, by instalments (usually, monthly ones). Normally, mortgages have to be repaid over a period of 25 years, but the period can be shorter. Flexible mortgages are available which allow you to vary your payments (subject to rules set by the lender). The lender may not be prepared to lend you the full amount that you need to purchase your home. If so, you will have to pay the rest from your savings. If you sell your home later, you can use the money from that sale to pay off the rest of your mortgage. But remember that the value of homes can go down as well as up and in some cases people find themselves in ‘negative equity’. This is when the mortgage on your home is larger than the amount for which you are able to sell it.

If you can’t keep up the repayments on your mortgage, the lender may go to court and ask to take over your home. The council does not have to give you another tenancy if you lose your home in this way.

If you lost your income through unemployment, you would not normally receive Income Support for the first 9 months. The Income Support you would be entitled to claim would only be for the mortgage interest payments, and may not cover the full amount.

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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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