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Right to Buy Mortgage Advice in Beverley

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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.
  • 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

Your free mortgage consultation in Beverley will last approximately 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 go ahead.

As your Mortgage Broker in Beverley, we carry out a Fact Find to establish your personal needs before recommending 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 property valuation has been undertaken, a formal mortgage offer can be issued.

We advise you to obtain an Agreement in Principle before property viewings in Beverley to avoid potential disappointment. At the very latest, we would suggest that you get one before you make any offers to put you in a better bargaining position. As a responsive Mortgage Broker in Beverley, we can typically obtain an agreement in principle within 24 hours.

An Agreement in Principle will last for between 30 and 90 days, depending on the lender. If your Agreement in Principle expires before you can use it. Don’t worry; speak to your advisor, they can make it valid again.

Depending on your circumstances, if you’re looking to achieve something like debt consolidation or home improvements, then you may be able to take out a second mortgage on your property. If you’re looking to use it for yourself, a family member, a holiday home or a Buy to Let, a second mortgage on that property may also be an option.

If you have struggled with credit problems in the past, you may still be eligible for a mortgage, though a lender may require you to put down a higher deposit than expected.

Once you have submitted at least one year’s accounts moves you along the process, allowing you to obtain a mortgage in Beverley potentially. Most lenders will utilise your salary plus dividend to calculate the maximum mortgage amount you are eligible to borrow, whereas some other lenders will go off your net profit.

For an employee to prove their income, it’s usually three payslips and the last two years’ accounts if you are self-employed. You will also need to provide proof of ID, address and the previous three months’ bank statements.

Generally speaking, our free mortgage consultation lasts around an hour or so. Additionally, we can turn around an agreement in Principle within 24 hours. But it takes three weeks on average for a formal mortgage offer to approve.

The discount provided by the council through the use of the Right-to-Buy Scheme will generally be what the lenders use as your deposit. In some cases, though, lenders will require you to put down a deposit alongside the discount you’ve been given. We usually see this type of thing crop up if you’ve been struggling with credit problems. Our Responsive Mortgage Advisors in Beverley are readily available to answer any Right-to-Buy deposit questions you may have.

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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