Right to Buy - I want to buy my council house!

It's your 'Right to Buy' - let us help to ensure that you Buy it Right! It’s a big step from renting your house to buying it outright but who will help and guide you through the process? Well fortunately our mortgage specialists have a vast amount of experience in this field and as such can assist you from when you receive confirmation of the agreed purchase price to when the completion takes place. Make the process easier for yourself by following our guidelines:

1) Discounted price

To determine the value of your home a council surveyor will come round and value your home. As a council tenant you will receive a reduction of the market value by up to £24,000 depending on the length of your tenancy.

2) Getting the right advice

Once the council have agreed your price, the next step is to come and talk to our specialist independent mortgage advisers who can then give you advice on all the mortgage aspects that you will want to know. We can tell you:

• How much you will be paying for your mortgage
• Recommend what type of mortgage you should have
• Look at the market for all the best deals for you
• Help arrange the paperwork

3) Extra Borrowing

After years in council rented, perhaps you want a new start, want to carry out some home improvements, pay some debts or just free up some money. 'Right to Buys' offer a unique opportunity to borrow more than the discounted price of your home. We have access to lenders who can make this very straightforward for you so that you can have money when you want it.

4) Legal stuff

You will need to appoint a solicitor or conveyancer who will carry out the work to transfer the property legally into your ownership. In addition we can recommend well respected local companies for you if you do not have someone in mind.

5) Difficult or unusual circumstances

Don’t think that if you have previously had bad credit, or low income that you cannot buy your own home. At Mortgage Base we always lend a sympathetic ear and we use our independent position to see what’s available on the market for you. We may even be able to help if you’re self employed and do not yet have any accounts! Don’t rule out buying unless you’ve spoken to one of our advisers first!

A Council 'Right to Buy' shouldn’t be stressful or difficult for you. All you need to do is contact us first and we will make the process clear and straightforward for you and guide you through until its completion. Our commitment to quality of service means that you will have help when you need it. Call us now and see how we can help you.