• Security to remain in the property you love and are familiar with.
• The property might have been adapted for your particular needs or suitable for home caring.
• It could have a lifelong ambition to be a homeowner or to be free of State help.
• To provide a legacy to your next generations.
• The amount of discount being offered by the local authority is too beneficial to ignore.

There are however major factors to consider with such a large purchase:

• Stamp duty. A tax levied by the Government on property purchases.
• You will be adding to your estate which may increase the inheritance tax you will owe.
• Have you been given a purchase deadline by the local authority.
• Where do you find finance to assist you with the purchase and will this cost more than the rent you are currently paying.

The later is where Niche Advice, a professional Mortgage Broker, can come in with Right to Buy Mortgages on local authority property, including:

• Later life lending up to age 85 years.
• In the case of low income, state pension or benefits – immediate family guaranteeing borrowing.
• Flats with deck access.
• High rise blocks.
• Low percentage privately owned estates.
• House purchases to include applicants who are not on the Right to Buy papers.
• Affordability based on the youngest earner’s income allowing a longer mortgage term.
• Borrowing above the discounted purchase price to assist with legal fee costs and essential home improvements.
• Remortgages outside the discount reclaim period (known as pre-emption period).
• Second mortgages for essential home improvements inside the discount period.
• Historic poor credit conduct or past criminal records considered

Please take some time to read our Terms & Conditions and Customer Privacy Policy together with details of our Services and Fee Structure and agree to them so we can get in touch and try to help you with your enquiry.