Published 14 December 2016 · Last reviewed 25 February 2017 · Older article — see current rates

Mortgage solutions for Right to Buys with deck access

Deck access is effectively a walk-way balcony that leads to the door way of your council flat and obtaining a mortgage can be difficult.
Mortgage Lenders are nervous about the re-saleability of deck access properties so do not want to lend in case they have to repossess in the event of default.

In this article we offer solutions on the best way to find a deck access mortgage, so read on to find out more…
Contact the local authority / Management company
When you receive your council Right to Buy papers you will have a contact name. It’s worth calling the number to find out if any of the surrounding flats in the block are already privately owned. The more the better from a mortgage point of view.

Speak to neighbours
Ask your neighbours if they rent or own, and if they own the Lender they went with. This is important as it can narrow down your search for a mortgage suitor. However, you must treat the answer with some caution as Mortgage Lenders change their policy from time to time, and also might have a limit on the percentage they are willing to lend on in one block.

Take pictures
It can speak a thousand words and save you spending abortive costs on a survey.

Find a Right to Buy Specialist Mortgage Broker
Experience in this field is paramount. A specialist Right to Buy mortgage broker, such as Niche Advice will know the inside track on property acceptance, affordability, credit and age issues.

If you are looking for a deck access mortgage please email the address and photos to info@nicheadvice.co.uk together with the discounted purchase price and how much you want to borrow and we will come back to you within 24 working hours.