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Right to Buy Mortgage Advice in Leicester

Mortgage Advisors in Leicester

If you are based in Leicester and living in a property owned by your local authority (that means your local council or housing association), you may have the opportunity to buy your home through use of a Right-to-Buy in Leicester.

The Right-to-Buy Scheme, providing you have the eligibility to do so, allows you to buy a property at a discounted price. This means that instead of paying a particular amount in rent to the owner for a property that isn’t yours, whilst the monthly mortgage payment may vary, you are able to truly call it home.

If you are new to the Right-to-Buy Scheme in Leicester or are confused about anything we mention here and would like guidance, please Get in Touch with our dedicated mortgage advisors in Leicester. They’re readily available throughout the day to answer any questions you may have.

Right-to-Buy Mortgage Advice to Buy Your Rented Home

We have a lot of experience in working with Right-to-Buy mortgages from our many years in the industry. As such we know how it works like the back of our hand and will be able to talk you through the process.

If you have no prior knowledge of the Right-to-Buy Scheme in Leicester, i.e., this is the first you’ve heard of it, it might be worth your time contacting your local authority to check whether or not you’re eligible to buy your rented home.

Once they have confirmed eligibility, you should receive a Right-to-Buy an offer from them, highlighting what the prices of the property will be when the scheme is in place and ready to go. The offer usually holds an expiry date, so you will need to speak with a fast & friendly mortgage advisors in Leicester in plenty of time before that period ends.

After you get in touch with us, we will book you in with a free initial mortgage consultation, taking account of your details so that we can understand your situation. You’ll speak to an experienced and dedicated advisor, who will hold your hand through the process.

How do I find out if I qualify for a Right-to-Buy discount?

To qualify for the Right-to-Buy discount, you should have been living in your rental property for three years, whether this is three years continuous or not.

The Right-to-Buy discount won’t be available to you if any of the following apply:

  • The property in question is not your main home.
  • You share facilities, i.e., a house share.
  • You’re on an introductory tenancy.
  • A court order got issued asking you to vacate.
  • You’re subject to an undischarged bankruptcy.
  • There are creditors that you owe outstanding money.

Exceptional living circumstances may also not be accepted, e.g., selected housing for the elderly or if you have a career in a specific sector.

Leicestermoneyman.com & Leicestermoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
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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