Right to Buy

Discounted purchase price with Right to Buy mortgages

As an existing tenant of a local authority or housing association, you have the right to purchase it under the government's scheme and you may qualify for a large discount, depending on how long you have lived in the property.

 

You get a 35% discount if you’ve been a local authority or housing association tenant for between 3 and 5 years.  After 5 years, the discount goes up by 1% for every extra year you’ve been a local authority or housing association tenant, up to a maximum of 70% – or £80,900 across England and £108,000 in London boroughs (whichever is lower).

 

So you could make huge savings when looking to purchase your home.

 

You are not necessarily limited to the mortgages you could qualify for, however, you should speak to our right to buy mortgage experts.

 

Simply complete this form opposite or contact The Money Bee, by telephone.  We will be happy to discuss your plans and advise on the most suitable mortgage solution.

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Legal Information

YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP REPAYMENTS ON YOUR MORTGAGE OR OTHER LOAN SECURED UPON IT.

 

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.  REPAYING YOUR DEBTS OVER A LONGER PERIOD CAN REDUCE YOUR PAYMENTS BUT COULD INCREASE THE TOTAL INTEREST YOU PAY. 

 

 

The Money Bee, which is a trading style of Mortgage and Loans Limited, based in Stafford, (Financial Services Register number is 757812).

Terms and Conditions

There may be circumstances where we need to charge a fee.  In these instances, we will notify you at an early stage which could be £125 upon application and an arrangement fee up to £495, or £995 for specialist mortgages, on receipt of the mortgage offer.

 

Parkfield Business Centre, Park Street, Stafford, Staffordshire, ST17 4AL

Telephone 01785 878 555

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Parkfield Business Centre, Park Street, Stafford, Staffordshire , ST17 4AL