Mortgage Help For Those Seeking A Right to Buy Mortgage Quote To Best Suit Their Circumstances
We Could Help find you a Right to Buy Mortgage, At a Very Competitive Interest RateThe Main priority is to provide you with a first class service for all your Right To Buy Mortgage needs, Depending on your circumstance we can help you find a Right To Buy Mortgages at a very competitive interest rate, we do all the leg work, so you can relax. Click Here to request a call back and an advisers will contact you shortly. All You Have To Do is simply fill out our Quick Mortgage Application FormFREE Copy Of Our "Mortgage" Guide - Click Here
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Can I sell the right to buy property after I have purchased it?
The answer to this is YES you can sell your right to buy home once you have made the purchase. If the home is sold within 5 years of the purchase date you will need to payback the discount that you received. If you applied for the right to buy scheme before the 18th of January 2005 then you can sell your right to buy property after 3 years. If the property is sold within a year of purchase then the entire discount will have to be returned. Selling the property after the first year will mean that you will be required to return 66.67% of the discount. The figure reduces to 33.33% after the third year. If you applied for the right to buy after the 18th January 2005, you will need to return a certain percentage of the discount, if sold before within 5 years. The amount of discount you will have return will reduce by one fifth as each year goes by from the purchase date. When selling you right to buy property during the five years the amount you will pay back is a percentage of the resale value. This percentage will correspond to the discount you recieved on purchase. If you bought your right to buy property on or after the 18th January 2005 then the right to buy agreement will state that you will have to offer the property at the full market value to your local council or to another social landlord. The value of the property will have to be agreed by all parties involved in the sale and purchase.
Right To Buy Mortgages Frequently Asked Questions
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