Your home may be repossessed if you do not keep up repayments on your mortgage.
The Right to Buy scheme is the opportunity for Secure Tenants of a Council or a registered social landlord to purchase their home, at a discount price, providing they can prove a minimum two year tenancy in their main or principle home.
You probably have the Right to Buy if you are a secure tenant of:
a District Council;
a Housing Action Trust
Purchase your home below market value. You could end up paying far less on your mortgage than on rent!
The overall cost for comparison is 6.8% APR.
The actual rate available will depend upon your circumstances. Ask for a personalised Illustration.
The amount of discount which you qualify for varies and takes several factors into consideration, from how long you've been a tenant to which borough, district or county you reside in.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Mortgage & Remortgage Specialists