Right to Buy Mortgages
We provide borough and county council tenant right to buy mortgages UK wide. We also have
mortgages for right to buy for tenants of housing associations. We can
help regardless of a person's credit history or credit score.
And we will help you get your online loan NOW!
Council
tenant right
to buy mortgages UK wide. We also have mortgages for right to
buy for tenants of housing associations.
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?
|
How will Now Finance help you?
There are a number of reasons
why letting Now Finance help you with your Right to Buy is a good
idea:
- We'll guide you right
the way through the process - from the initial approaching of
your landlord (Council, Housing Association, etc), to the final paperwork. If you want us to take on
the full task we are happy to do so
- We'll help overcome any
obstacles that get in the way
- We'll make sure that
finance is available for you to complete your purchase
- We have great experience
as we have helped many other people benefit from the scheme
Your home may be of a
non-standard construction. You may have been told by other lenders
that they can't lend to you because of this. No need to worry, as we
know which lenders will provide the funds you need.
We have the trained staff ready to deal with
your enquiry. There are no upfront fees so you can
contact us
without
worrying about incurring any costs, and you will not be under any
obligation to proceed.
Summary of the
Right to Buy scheme
It has
been running 20 years and while successive governments have
diluted it it is still possible to get discounts on property
values of up to £38,000 (dependent on region, and your
period as tenant).
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
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