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Right to Buy Mortgage Advice in Beverley

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We can Help you buy Your Council House Under the Right to Buy Scheme

If you are living in a council house and named on the tenancy agreement you may have the right to purchase this from the council at a discounted price. Usually, due to the purchase price being discounted no deposit will be required.

 

Capital raising options for home improvements, such as a new conservatory, windows or extension are also available with some of our mortgage lenders. As a Mortgage Broker in Beverley, we know just how to help you through your Right to Buy mortgage process.

 

How does it work? Get a quote nowMeet your advisor

We search 1000s of mortgage deals across a large number of lenders, including:

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The Right to Buy Process

Firstly, you’ll need to contact the council for an application form and for them to check that you are eligible for the scheme.

 

Secondly, once this is completed, you’ll receive a purchase price. You then have a set period of time to accept their offer.

 

Lastly, once a purchase price has been agreed. We can get the ball rolling with your mortgage application.

Reasons to choose us as your Mortgage Broker in Beverley?

  • We’ll be here for you for help and support 7 days a week, to explain the whole process!
  • It’s our job to take the stress away, we’ll aim to make you feel relaxed and be open and honest.  
  • Your service is really important to us, please read our genuine customer reviews at Reviews.co.uk.
  • We are accommodating! Mortgage Advice in Beverley is available on a face to face or over the phone – whichever one you’re most comfortable with. It’s the same service either way!
  • Unlike a bank, we’re able to search a large number of mortgage deals in order to recommend the best one for you!

What our customers say

Common mortgage
questions

The discount provided by the council will often be used by lenders as your deposit. However, some lenders will require you to put down a deposit in addition to the discount. This is sometimes the case if you’ve been struggling with credit problems. Our Mortgage advisors in Beverley are able to answer your right to buy deposit questions.

Your free mortgage consultation in Beverley will last around one hour. We will then recommend a mortgage for you with no obligation for you to proceed and you can decide whether or not you wish to proceed with the mortgage.

As your Mortgage Broker in Beverley, we carry out a Fact Find to establish your personal needs before we recommend the most suitable mortgage for you. A credit check is then required for an agreement in principle. Once you have provided all the relevant documentation and a valuation of the property has been undertaken, a formal mortgage offer can be issued.

To avoid possible disappointment, we recommend you obtain an agreement in principle before you begin viewing properties in Beverley. At the very latest you should obtain one prior to making an offer to assist your bargaining position.

An agreement in principle typically lasts for between 30 and 90 days depending on the lender used. If your agreement in principle expires it can always be refreshed.

It may be possible to get a second mortgage on your home for things like debt consolidation or home improvements. It may also be possible to take out a mortgage on a second property if you’re wanting to use it for yourself, a family member, a holiday home or a Buy to Let.

If you have had credit problems you can still get a mortgage but you may possibly be required to put down a higher deposit than usual, perhaps 15% of the property purchase price.

Once you have submitted at least one year’s accounts, you are able to get a mortgage. Most lenders use your salary plus dividend to calculate the maximum mortgage, whereas others are known to go off your net profit.

It’s usually three payslips for an employee to prove income and the latest 2 years’ accounts for Self Employed. You will also need to produce proof of ID, address and 3 months’ bank statements.

Our free consultation typically lasts up to an hour or so. We can turn round an agreement in principle within 24 hours. A formal mortgage offer takes about three weeks on average.

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We make it so easy!
Our 4 step process

Step 1

Contact the council for an application form and check your eligibility for the scheme.

Step 2

You'll receive a purchase price and from there we can take some initial details and book you in with a Mortgage Advisor in Beverley.

Step 3

From there your dedicated advisor will work by your side, ensuring the process goes smoothly.

Step 4

We’ll try to find you the most appropriate mortgage deal. We’ll be there to support you, right through to completion.

A telephone call where we can take some initial details and find out about your plan of action.

Enjoy finding a property!

Make an offer on the property you set your heart on – we’ll finalise your figures and help you to get a good deal.

Our mortgage recommendation. We’ll try to find you the best mortgage deal. We’ll be there to support you, right through to you getting your keys.

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UK Moneyman Limited is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited registered in England, registered number 6789312 and registered office 10 Consort Court, Hull, HU9 1PU.

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