The Right to Buy is a government-initiated program designed to provide eligible residents living in council-owned properties with the opportunity to purchase their homes at a discounted price. This scheme allows secure tenants of council properties, who have spent at least 3 years as public sector tenants (non-consecutively), to buy their homes and become homeowners.
By speaking to a mortgage advice in Beverley, they can help check if you are eligible for the scheme. Alternately, to keep yourself updated with the rules and regulations, you can also check out the government Own Your Home website.
Determining the exact cost of your Right to Buy property involves various factors. The discounted price can be influenced by the property’s market value, the length of time you’ve been a public sector tenant, the location you are in and the type of property you are buying.
Generally, the longer you’ve been a tenant, the higher the discount you may receive. The specific calculations can vary, so it’s always worth checking with someone to know the specifics of what you may be entitled to.
One big advantage of a Right to Buy mortgage is that it is most likely that there is already equity in the house, this could knock some off your house price or be used as part of your deposit.
Often when purchasing a Right to Buy you will be a first time buyer, we love working with first time buyers! As your friendly mortgage broker in Beverley, we are here through every step of the process, from your initial enquiry through to completion.
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The fee is up to 1% but a typical fee is £495.
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Tom
I needed a DIP asap over the Christmas holidays (which I thought impossible) but Jason was my guy. He was super helpful, very responsive, and answered all my questions. Over the proceeding weeks, he guided me through the full mortgage process and...
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Richard
We were helped through a tricky house purchase which made a difficult process possible. Thank you.
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Jack
Couldn’t fault the process, everything was clear and no issues, used previously so will continue to and recommend in the future
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Mrs Cheryl
Uk Moneyman was amazing in getting us through this process, specifically Dinah she gave us the best advice during a process we’ve never been through before, she went through every stage in great detail and was so quick in her responses I felt safe...
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James
Very good communication, answered questions and avoided jargon. Helped us understand the process and what is involved to complete.
5 months ago
James
Very helpful the whole way through the process
5 months ago
Samantha
Jason and Mike were incredibly helpful and supportive. I have used Beverleymoneyman three times now, and each time they provide a professional and efficient service. This time my move is precipitated by divorce, which they handled in a senstive and...
6 months ago
Dr
Have used Beverleymoneyman several in the past and am never disappointed with their excellent service.
9 months ago
Annie
Excellent service
11 months ago
Hannah
I can't thank everyone enough for their help. They went above and beyond to make sure everything went smoothly - it would have been far more stressful had I not had their support. I'd recommend the company to anyone.
1 year ago
Anonymous
Yery good and professional.
1 year ago
Samuel
Helpful, responsive and friendly.
1 year ago
Sophie
Highly recommend! Chris talked me through everything and made sure I understood it all, great communication and a pleasure to deal with!
1 year ago
Kerry
Absolutely fantastic from start to finish, would highly recommend 😀 5*
2 years ago
Anonymous
My advisor Leo provided the personal tour ch through the whole process and his communication was very good, even texting me at weekends with any updates on my mortgage progress.
2 years ago
Anete
During mortgage application process my mortgage advisor and case handler was communicating with me very often which for me as a first time buyer was very important. Always open for questions and super flexible with first initial mortgage...
2 years ago
Anonymous
From start to finish perfect, friendly, professional and everything made clear and easy, Matt and Lizzi have been absolutely superb and ALMOST got use to my 'colourful language' Many thanks for all your help. Cheers 🍻
2 years ago
David
We use Beverleymoneyman - Mortgage Brokers for all our mortgage and insurance needs. They never fail to deliver and apply professionalism combined with insightful advice to obtain the best possible deal. Thanks to Leo and Jo for their help and...
2 years ago
Neil
This is the second time we have used Beverleymoneyman and we are not disappointed. Daniel talked us through the options we had and was really good at answering our questions. Jo ensured our application progressed and kept us informed at each...
2 years ago
Barbara
These people saved my life during the most stressful house purchase ever. All sorts of things happened and when most of the professionals involved were impossible to get hold of, everyone at UK Moneyman was just amazing, kind, thoughtful and...
3 years ago
Initiating a conversation with a well-informed mortgage advisor in Beverley is crucial to delve into and address your unique mortgage circumstances.
A diverse range of lenders provides tailored products for individuals leveraging the Right to Buy scheme, presenting a diverse array of specialized options.
Our committed mortgage advisor in Beverley takes the lead in smoothly submitting your mortgage application and ensures that all necessary documentation requested by the lender is well-organised.
Going beyond the task of securing the most suitable mortgage deal, we excel in assisting individuals in obtaining insurance coverage to provide financial protection for themselves and their loved ones.
We extend a free initial mortgage appointment to every customer, providing the convenience of online booking through our new system. Choose a date and time that aligns with your schedule, or connect with our team via phone for assistance in booking your free initial mortgage appointment.
Our dedicated mortgage advisors in Beverley are experts in navigating through 1000’s of mortgage deals to discover the ideal product tailored to your personal and financial circumstances. As a Right to Buy applicant, you have access to various product options, and we are here to help you in finding the perfect deal!
Our amiable mortgage advisors in Beverley are available seven days a week to address all your mortgage inquiries. Connecting with an advisor is always seamless. Reach out today for expert Right to Buy mortgage advice in Beverley.
Our Home Buying App is a digital mortgage coach designed to help you save up, plan, and track your home buying journey – whether you’re buying your first home, or fancy a move.
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