Are you a council tenant? or were you living in your home when the council transferred it to another landlord?
If yes, now might be the perfect time to think about buying your council home.
That’s because the top discount under the Right to Buy Scheme in England has been increased. You could now get a maximum discount of up to £75,000, or £100,000 if you live in a London Borough, and lower amounts elsewhere in the Country
Why you might like to buy
Buying your home could provide an investment for the future, and be a useful asset for you and your family for years to come. Ownership provides a special sense of pride, and would give you more freedom to make the changes you’d like to your home. And the money raised through extra sales is now going straight towards building new affordable homes for rent.
Remember, buying your home is a big decision and a commitment that shouldn’t be taken lightly, so you should always get impartial financial and legal advice before deciding whether buying is right for you.
But with a bigger discount of up to £75,000 (£100,000 in London) now available, this could be a good time to see if it’s the right choice for you.
The overall cost for comparison is 4.6% APR typical for mortgages the actual rate available will depend on your circumstances. Ask for a personalised illustration.There will be a fee charged for mortgage advice. Our typical fee is 3% of the amount requested for all types of mortgages with a minimum charge of £1995 (EXAMPLE a £75,000 mortgage advance the fee payable would be £2250.00).