Right to Buy
A Right to Buy (RTB) allows tenants of certain bodies to buy their homes they currently live in, at a discounted rate to the open market value. Maximum discounts are typically £38000, however this depends on where the tenant lives and how long they have lived in the property.
Most lenders consider RTB applications however this depends on its marketability. A flat in a block may prove difficult to obtain a mortgage. In other instances, a lender maybe prepared to lend over the purchase price for home improvements.
IF YOU REQUIRE ASSISTANCE ON A RIGHT TO BUY, SUBMIT YOUR DETAILS BELOW AND ONE OF OUR EXPERTS WILL CALL YOU. We Know Mortgage has access to the whole market.