Right to Buy Mortgages

Right to Buy

• If you currently live in a Local Authority dwelling, did you know you have the right to buy? After a period of being a tenant and paying full rent you can purchase the property at a discounted price. With this type of purchase lenders generally work out the loan to value for the product on the open market value of the property and not the discounted purchase price, therefore eradicating the need for a cash deposit. This means that you could obtain a mortgage for 100% of the purchase price.
• For more information on Right to Buy Mortgages or to apply for a Right to Buy Mortgage follow the link - Right to Buy Mortgages

Should you rent a local authority property you may have the right to buy your home. In order to do this you will need to first apply to your local authority to but at which time they will value the property and make you an offer for the sale price including any discounts you may be entitled to. We can look for a mortgage for the whole purchase price of the property using the discount given from the purchase price as your deposit.

If you currently have right to buy mortgages and require bridging mortgage finance to fund the purchase of a new property or business venture, UK Bridging Loans Limited have the expert credentials to assist you in obtaining the bridging finance you require whilst paying back your right to buy mortgages.