If you are a local authority tenant you may be eligible for a Right to Buy mortgage in Brighton, allowing you to purchase the council or housing association home you’re currently living in, at a discounted price. The purchase price is calculated by applying a discount from the open market value, and the percentage discount you receive is determined by how long you have been renting from a local authority. So long as you have been living in a local authority property for at least 3 years, which does not have to be consecutive (you could live in a local authority property for 1 year, move into private accommodation for 5 years and then back into a local authority property for another 2 years), you may still be eligible for the Right to Buy Scheme.
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You may be able to borrow more money on a Right to Buy mortgage in Brighton, however, you’ll need to speak to your lender. Even if you have bad credit, it’s still may be possible to get a Right to Buy mortgage. Bad credit is a term used if you have a low credit score. We do have guides on different ways you can improve your credit score, before applying for a Right to Buy mortgage in Brighton. Mortgage lenders will look at your credit history when you apply for a Right to Buy mortgage. Issues like CCJs or defaults will be a concern to a lender. They’ll then look at the circumstances around your credit issues, like how much money was involved and how long ago it took place. It's worth speaking to a mortgage broker in Brighton to help you find a suitable mortgage, solicitors and survey as and when required. Book your free mortgage appointment online to speak with one of our mortgage advisors in Brighton today.
Apply NowDoes the Right to Buy Scheme in Brighton still exist?
Originally being introduced back in the 80’s the UK Right to Buy Scheme is still very much alive and well for tenants living in Brighton who wish to buy their council home at a discount. The scheme has undergone changes since then, with schemes existing in various local authority areas across the nation that may allow tenants to use Right to Buy with housing associations too. Thousands of tenants over the years have taken advantage of the Right to Buy Scheme in Brighton to become homeowners.
What is the process of a Right to Buy in Brighton?
To obtain a Right to Buy in Brighton, you need to know if you are eligible which is done by requesting an application form via the local authority. When the local authority has received this, they'll soon get back to you with the property price and the discount that is to be applied. During your initial free mortgage appointment, our mortgage advisors in Brighton will work with you to check eligibility and sum up your potential mortgage costs and match you with the deals suitable for you! Throughout the process, we will be there to help by advising solicitors and property surveys when applicable.
Do you need a deposit for a Right to Buy in Brighton?
Most lenders will accept the right to buy discount as your deposit, although some will not. It is still worth remembering that you may need to have some of your own money saved for any fees that are incurred.
Can my children buy my council home for me?
Any family member can buy your council home, providing they have been signed onto the tenancy for at least 1 year. If you are married or have a civil partner, providing they already live with you, they can also have tenancy transferred to them. At that point, they would be eligible for the Right to Buy scheme in that home, however, the name would be in there's, not yours.
Can you buy your council house in Brighton if you’re on benefits?
Being on any form of benefits will not change your legal Right to Buy eligibility, however any lender will need to make sure you are able to afford your monthly mortgage repayments. One thing that may be affected is your ability to receive certain benefits, such as Housing Benefit, which cannot be received if you are a homeowner.
Why use a mortgage broker in Brighton to help me get a right to buy mortgage?
A mortgage broker in Brighton like us can search 1000's of right to buy deals to find you the most suitable mortgage for your circumstances. Book your free mortgage appointment online to speak to a mortgage advisor in Brighton today.
We have the flexibility to work around your personal life, with appointments at times that are best suited to you.
There are no hidden fees, nor fees up front. We are only paid upon successfully helping you.
You will have consistency throughout your service, dealing with the same friendly familiar faces, they'll be happy to answer any questions.
Some people can find process a bit daunting when using the right to buy scheme in Brighton, transitioning from home renter to homeowner. We'll be here to guide you through the process.
Your mortgage advisor in Brighton will recommend the most suitable insurance products to make sure you can stay in your home, should you become seriously unwell or unable to work.
Your mortgage advisor in Brighton will search the market for the cheapest, most suitable deal for you and your aspirations!
Over the years, we have worked hard to help many customers in similar situations. It's likely we will have come across a circumstance like yours!
Perks of going to a mortgage broker in Brighton is that we can help recommend property surveys and conveyancing solicitors. We will make sure you are supported all throughout your mortgage journey, right until the end.
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Mark
Megan and Wayne have been great throughout. Both really easy to work with and on top of things at every step of the process. Thanks a lot.
Anonymous
Excellent service by Malcolm, Paula & Meghan. We completed our purchase last week in what was supposed to be a very difficult case due to my bad credit and limited trading history as a director of LTD company. UKmoneyman dug out a lender that...
Jasmine
Very good service received. Wayne is very knowledgeable and helpful especially with me been a first time buyer. Also very accommodating with timings and I was able to have chats later on a night to fit my schedule. Very supportive all the way...
Joseph
So far so good ! The first point of contact was lovely, made me feel at ease and very knowledgeable.
Callum
Absolutely fantastic service from the start, in helping getting a mortgage. Charlie always replied to my messages as quickly as possible and was very clear, thorough and calming through the whole process, cutting out a lot of worries had I not used...
Jonathan
Great help from the team, helped find exactly what we were after, and was an easy straight forward process. Being self employed it can be tricky however there were no problems with the help and advice we received.
Paul
Very helpful and efficient service. Wayne, the financial advisor who handled our case was thorough and professional, he gave us some very useful information and importantly sourced a good mortgage for our needs. Once we had a mortgage offer in...
Louise
From start to offer leo and jo have been great and done everything so quickly and I have not had to stress once been to other broker companies and this is the best by far will definitely use them again 😊
Hasan
excellent service
Anonymous
My initial interaction with Faye from UK money man has been really personable and I felt like she understood my needs very well. I’m hoping they can help deliver what I need and I didn’t feel any pressure to have to go further with my...
Rodrigo
UK Moneyman have been super helpful and reliable. Have always been able to count on them getting back to us quickly and made us feel comfortable checking anything out we were not really sure about. They made the whole process as easy and hassle free...
Steph
The team were fantastic, in finding the product for me. Jo also walked me through what to expect when purchasing your first home I.e. time frames, and answer my many questions. Also their after care has been great, checking in on how the purchase is...
Luke
Myself and partner used UK Moneyman for our first time buyer mortgage. We’ve had round the clock care well above the norm. Multiple routes forward regarding which mortgage to go for with lots of information to help prepare us through the...
David
I cannot thank the UK Moneyman service enough. Securing a mortgage meant more than just that to me, it was – is - a life chance. However, because of my credit history, I didn’t think that it could be done. Right from the start of the...
Nathaniell
Leo and Kayleigh have been great from the first phone call that I made to them. They have both helped us each step of the way and it has been a great comfort to my wife and me that everything had been taken care of by them both. We will definitely...
Mary
Ryan and Kayleigh were incredibly helpful and always available to answer our questions whenever we needed - and we had a lot of them as we are first time buyers who didn't have a clue about any of the process to begin with! They secured our...
Danielle
UK money man where so helpful. Chloe and Joe was amazing with us. Stayed in contact with us giving advice and updates, so glad we chose UK money man! Thanks for all your help.
Anonymous
Amazing, when ne and my partner first looked into buying a house, we had no idea about how to get a mortgage or anything. Moneymen were extremely helpful all the way through and sorted everything smoothly and efficiently! Very happy, will use again...
Rebecca
We’re so glad that we decided to use UKM to help us through the process of buying our first home, they took most of the stress off our shoulders and we’re always there to answer any queries. Would definitely recommend them to anyone...
Thorsten
I found Dinah at Harrogate Moneyman to be extremely supportive. She listened carefully to our needs, proposed solutions and followed up closely. A great service - I’d recommend Harrogate Moneyman to anyone looking for mortgage options.
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UK Moneyman Limited is Registered in England, No. 6789312
Registered Address: 10 Consort Court, Hull, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
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UK Moneyman Limited is Registered in England, No. 6789312
Registered Address: 10 Consort Court, Hull, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
