Right To Buy Mortgage

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Unusual Properties: What happens if I have an unusual property?
What Is A Remortgage?: ‘Remortgage’ is basically the term for switching your mortgage to another mortgage lender.
How Do I Switch Mortgages?: Switching mortgages (remortgaging) has been made very easy by the industry, in reaction to the fact that most people remortgage their homes on a regular basis i.e. every 5 years on average.
Information For 1st Time Mortgage Buyers: Your first mortgage will be the most significant financial undertaking of your life so far, but how exactly do you go about getting a mortgage?
What Are Buy To Let Mortgages?: A buy to let mortgage is an excellent opportunity to cash in on the property boom at the moment – because while many homeowners can afford a 2nd home, there’s also a booming market for those who cannot afford to get a mortgage, and need to rent. Find yourself a good location and reliable tenants and your monthly repayments on your mortgage will be covered by their rental yield.

What is ‘Right to Buy’?

If you have been a council tenant for two or more years you may have the opportunity to buy your council property, often at a discount proportional to the length of occupancy. The monthly payments of a mortgage to buy your council property may well be less than your monthly rent payments – so it’s well worth considering – and at the end of the term the property will belong to you.

Under ‘right to buy’ legislation, properties are not offered at a discounted rate, and not at the open market value. If you decide to resell the property within a three-year period, you may have to pay back some or all of the discount to your local authority.

You can use the opportunity when obtaining a mortgage for a ‘right to buy’ property to get additional capital for home improvements or debt consolidation.

What is a Fixed Rate Mortgage?

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