If you are currently renting from the council, housing association, or Right to Buy Landlord, you may be able to buy your home at a substantial discount.

New tenants have an initial qualifying period of 5 Years before they can apply to buy their home. Tenants who were residing in the property prior to 18th January 2005 are only required to have 2 years minimum residency to apply.

The amount of discount will depend on your period of residency and your local borough.

Mortgages can be arranged up to 90% of the open market value (Which may be higher than the discounted purchase price) or 100% of the discounted purchase price.

For more information visit:

http://www.communities.gov.uk/.../faqabouttherighttobuy/

Think carefully before securing other debts against your home.Your home may be repossessed if you do not keep up repayments on your mortgage.

For more information contact us