If you are a tenant of a local council or housing association, you may find that you qualify for a Right to Buy in Canterbury. This scheme allows you you to purchase the local authority rental property that you are currently living in, for a discounted price. The purchase price is calculated by applying a discount from the value of the home on the open market, whilst the discount you receive is determined by how long you have been a public sector tenant. In order to use a Right to Buy in Canterbury, you will have generally needed to be renting from a local authority for at least 3 years, not always consecutively. This means, for example, you could live as a council tenant for 2 years, move into a private residence for a few years, then back into a council home for an additional year, and still potentially be eligible.
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You may have the ability to borrow additional funds on a Right to Buy mortgage in Canterbury, though you will have to discuss this with your mortgage lender if this is something you would like to achieve. Even if you do happen to have bad credit, you could still be able to obtain a Right to Buy in Canterbury. Bad credit is a term that is typically associated with those who have a lower credit score, which can make obtaining a mortgage challenging. Please feel free to read our guides on how to improve your credit score, ahead of your Right to Buy in Canterbury. Mortgage lenders will want to review your credit history if you are looking to proceed with a Right to Buy in Canterbury. If you have anything like a CCJ or default, this could potentially deter a mortgage lender or at least be seen as a risk to them. They will want to see how long these were, why they happened and how much money was involved. We believe you would benefit from speaking to an experienced and trusted mortgage broker in Canterbury. They will help you find a suitable mortgage, solicitors and survey as and when required. Book a free mortgage appointment and speak with a dedicated mortgage advisor in Canterbury today.
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Though it was brought into prominence way back in the 1980s, the UK Right to Buy Mortgage Scheme is still present in the world of mortgages and is available to eligible tenants in Canterbury who wish to purchase their home at a discounted purchase price. The scheme has undergone several changes in the days since its inception, yet it still remains a valid option for prospective first time buyers in Canterbury. Thousands of tenants over the years have taken advantage of a Right to Buy in Canterbury, en route to becoming homeowners.
In order for a home buyer to obtain a Right to Buy in Canterbury, you need to know whether or not you qualify for one. This can be achieved by requesting an application form via the local authority. When the local authority has received your application form, they will get back to you with confirmation of your eligibility, as well as the discount you are due to receive and the overall property price once it has been applied. During your initial free mortgage appointment, a member of our trusted mortgage advisors in Canterbury will work with you to check eligibility and total potential mortgage costs, as well as finding the best mortgage deal for your circumstances. Throughout your home buying journey in Canterbury, we will be there to help by advising on solicitors and property surveys when appropriate to do so.
Generally speaking, the vast majority of mortgage lenders will accept the right to buy discount as your deposit, although some will want you to put down either your own deposit or a combination of a deposit and the discount. It is important to remember that there will still be other fees involved in your mortgage process, so it would be wise to keep some savings for that ahead of time.
Any family member can buy your council home, so long as they have been signed onto the tenancy for at least one year. If you are married or have a civil partner, providing that they already reside in the home with you, they can also have tenancy transferred onto them. At that point, they would be eligible for a Right to Buy in Canterbury, though it would be in their name and not yours.
Being on any type of benefits will not change your legal Right to Buy eligibility. That being said, from a mortgage lenders perspective, they need to know that you can afford to maintain your monthly mortgage payments. One thing that may be affected is your ability to receive any benefits that are exclusive to being a tenant, such as Housing Benefit, which you will not be eligible for if you are a homeowner.
An open & honest mortgage broker in Canterbury like us can search 1000s of deals for your Right to Buy in Canterbury, finding the best mortgage for your circumstances. Book your free mortgage appointment and speak with a trusted mortgage advisor in Canterbury 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 Canterbury, transitioning from home renter to homeowner. We'll be here to guide you through the process.
Your mortgage advisor in Canterbury 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 Canterbury 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 Canterbury 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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Hannah
The whole team at UK Moneyman have been so friendly and helpful, whilst also providing an excellent service and securing me a mortgage offer really quickly. Even when there were questions and changes, they went over and above to help and always came...
Sarah
Fantastic service from Tom Bowes
Brooke
Excellent service, great communication & highly professional
Khristopher
Malcolm and Meghan did a great job with my application which due to a chain breaking down had to be done for two different properties, was kept informed throughout and they made me aware of changes in the market i didn't know about. Would...
Hilary
Matt and Wendy worked tirelessly and creatively to reach a great mortgage outcome for me in what was a less than straightforward journey. The commitment and advocacy was fist class and communication, always excellent. Matt really earned his broker...
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I'm very happy with the services UK Moneyman have been providing during my buying process so far. I'm a first-time buyer so it was very important to me to have a mortgage broker who could answer all my questions in a timely and...
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Great team who works to get you exactly what you need, they made the whole process smooth and painless, so I would highly recommend them.
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I honestly couldn't have asked for a better service with UK Moneyman! I have been working with Charlie and Wendy! They have been SO helpful throughout the whole process and so supportive, never a hassle for them when I've been bombarding...
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Really glad I went with UK Moneyman for my first mortgage, explained everything to me so well and was always on hand when I needed them as I work long hours at weekdays so having appointments on the weekends was so helpful for me, would definitely...
Natalie
Tom and Chloe were super helpful with our first time mortgage. We had a couple of properties fall through but Tom was there to help and guided us through the whole process.
paul
I think anyone would have difficulty finding a more helpful and friendly Financial Advisor. We used them to find a suitable later life mortgage and their effort and persistence in the face of some difficulties (caused by our particular...
Anonymous
Good advice and a professional hand both made the process seem effortless. Full marks for a service and result!!
Christopher
Wayne and Paula have been very helpful in helping me purchase my first house would highly recommend them to anyone wanting a mortgage advisor! Wayne was also very flexible with time as I have very odd working hours and worked out a time for phone...
Carol
Excellent service, Tom and Lynsey were responsive and extremely helpful including in resolving issues of transferring the offer to another property when the seller of the first property I was buying pulled out.
Marco
It's the 3rd time I've dealt with the team at UK Moneyman, as before they have been informative, punctual, detailed and a pleasure to deal with. I couldn't reccomend them more highly.
Suzanna
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Pauline
Very pleased with Allen’s professionalism , he was able to answer all my questions to my satisfaction
Paul
Excellent experience all around, used for two mortgages and will use again
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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
