Niche Advice specialises in Right to Buy council home  mortgages including finance from Mortgage Lenders that do not require to put in your own funds as a deposit. In other words 100% mortgages.

We also have a Mortgage Lender that will allow you to ADD your legal costs and funds for home improvements on top of the mortgage.

How does it work? Well the Mortgage Lender takes comfort from the fact the council are selling the property under value at a discount. The chances are if you are reading this article you have already had a Right to Buy Offer through the door.

Example:

Open market value £250,000
Discounted purchase price £150,000

Mortgage £176,300
£150,000 plus legal costs (£1,300) plus £25,000 for home improvements

We can help all types of applicants including the following via our lender panel:

• Employed or self employed, supplemented with DSS state benefits
• Multiple jobs
• Short employment history
• Long standing zero hour contracts
• Missed payments (rent must have been paid for the last 12 months)
• CCJs and defaults

[ezcol_1quarter]Initial Rate: 1.84%[/ezcol_1quarter] [ezcol_1quarter]Subsequent: 3.74%[/ezcol_1quarter] [ezcol_1half_end]The overall cost for comparison 3.49%% APRC[/ezcol_1half_end]

Features: Borrow up to 70% of the property’s open market value to include the 100% of the Right to Buy purchase plus legal fees and home improvements.

 

 

For more information on a Right to Buy council home Mortgage please call complete the enquiry form on this page or call the number below. 

Any property used as security, which may include your home. may be repossessed if you do not keep up repayments on your mortgage

Residential and Buy to Let Mortgages

Rates current as at 24/12/16 . The overall cost for comparison is based on a purchase price of £300,000 over a 25 year term. The Right-to-Buy example is based on a discounted purchase price of £150,000. Repayment for Residential and Interest only for Buy-to-let (unless otherwise specified). Eligibilty will depend on your own personal circumstances.

KEY – ERC = Main early repayment charge.

The purpose of this web is for information only and is based on a fictitious illustrative scenario. It does not constitute a Mortgage Offer in any way.

It is essential that you seek independent mortgage advice as a suitable product will be based on your own individual circumstances. An interest rate should not be read in isolation, and you should refer to your personal key facts illustration and Mortgage Offers for full terms and conditions. If anything is unclear it should be discussed fully with both your mortgage and legal advisors before entering into a mortgage contract with the lender.

The information contained herein is based on research through the Trigold (IRESS UK) sourcing system. When first published to this site the data is normally 24 hours behind real time, and may or may not still be available.

A first charge over your property is required as security for the loan.

The formal mortgage offer of an advance will be subject to a valuation and other satisfactory references.