Right to Buy Mortgages
What are the home ownership requirements and home ownership
grants? What are the benefits of home ownership vs. renting? We provide
right to buy mortgages regardless of a person's credit history or credit score.
Why should you consider buying now?
And we will help you get your online loan NOW!
What are the home ownership requirements and home ownership
grants? What are the benefits of home ownership vs. renting?
Helpful
information:
Do you
have the right to buy?
Why
should you consider buying now?
How do
you go about buying your home?
Why a
poor financial situation is not a problem!
How can
Now Finance help you?
|
Why should you
consider buying now?
The Right to Buy was
introduced in 1980 as a means to extend home ownership amongst those
who had traditionally rented. The scheme allows tenants to buy
their home at a discount to the full market value.
Since 1980 more than 2 million
properties have been sold to the occupiers. This has allowed them to
- take full control of
their lives
- free them to improve
their accommodation in any way they want
- allowed the owner to
profit on the sale of their property some years later.
Around 60,000
properties are purchased via the Right to Buy scheme every year. You
can buy too, and Now Finance is in a good position to help you.
However, over the years the
Government has diluted the scheme and there is every chance that
they could do this further in the future.
As it stands you can
still benefit significantly from the scheme (discounts of up to £38,000
are still available), but
it make sense to act now and to examine your own right to
buy. No one
can predict the Government's next move. We will help you look at
your finances and calculate the benefits of repaying a mortgage
rather than paying rent.
Discounts available
(subject to maximum cash limit on
regional basis) |
|
Period as
tenant |
Houses |
Flats/Maisonettes |
|
2 yrs |
32%
£24,000 |
44%
£33,000 |
|
5 |
35%
£26,250 |
50%
£37,500 |
|
10 |
40%
£30,000 |
60%
£38,000 |
|
15 |
45%
£33,750 |
70%
£38,000 |
|
20 |
50%
£37,500 |
70%
£38,000 |
|
25 |
55%
£38,000 |
70%
£38,000 |
|
30 |
60%
£38,000 |
70%
£38,000 |
|
Over 30 |
60%
£38,000 |
70%
£38,000 |
|
We believe
that buying your council house or housing association house could be the
best single investment of your life.
So what could buying
your rental property mean financially for you? Here's a typical example:
| A client's home
was values at £75,000 |
£75,000 |
| With a 55%
discount (£38,000 limit) they purchased it for |
£37,000 |
| They require
extra cash for property modernisation |
£10,000 |
| Giving them a
mortgage requirement of |
£47,000 |
| |
|
|
Assuming a mortgage rate of 5.5%APR variable this gives
a monthly payment of £288.62 or the equivalent of £66.42 per
week.
Figures
based on a 25 year capital repayment basis. |
We can do
this calculation for you and look at how the payments compare to your
current rent. You are likely to be pleasantly surprised!
Remember:
- We don't charge
any upfront fees, so it will cost you nothing to explore how the
right to buy scheme could benefit you.
- You are under no
obligation once you have contacted us. So, you can walk away
at any time at no cost to you.
- A poor credit
history is not necessarily an obstacle to you owning your home.
- We are able to
provide mortgages even if your property is of a non-standard
construction
Bad Credit Loans are NOT a Problem!
We specialise in bad credit
mortgages. If you have been refused a loan by others you may have convinced yourself that you are beyond
help. Don't worry - we would like to try to help you.
Don't worry................We want to help you
NOW!
Because we are a specialist broker we have a broad panel of lenders and
access to thousands of products. There may be one (or more) for you.
It costs nothing to apply
and you not obliged in any way. It only takes a minute.
We'll do all the legwork, tell you what your options are, and then we
can sort everything out over the phone.
In Summary
- Lower rate UK loans because we
have lower operating costs
- Bad credit mortgages are not a problem -
we are happy to consider all credit situations
- No upfront fees
- Fast (1 minute)
online application
- Quick decision in
principle - we aim to speak to you within 1 hour of your application
- No credit search until you
authorise it
- As much as possible sorted out over
the phone to minimise your paperwork
Unsecured Loans from £200 to
£25,000; Tenant Loans from £200 to
£25,000; Secured Loans from £1,000
to £250,000; Remortgages up to £1m;
Payday Loans from £50 to £750;
Buy to Let mortgages;
Right to Buy Mortgages;
Poor Credit Loans
|
