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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What is the process of getting a right to buy mortgage?
The process of purchasing a property under the Right to Buy is quite straight forward in most cases. There will be some formalities which have to be followed. Potential purchasers are reminded that buying under the Right to Buy scheme can take considerable time, as councils do have procedures to follow which can be can time consuming.
The first step involves requesting a RTB1 form from the social landlord. You must give full attention to all detail in the form as this will be used to calculate your discounts and your eligibility for the Right to Buy Scheme. You will then recieve the RTB2 form from the landlord. The RTB2 form will tell you if you are eligible or not. It will also state the level of discount you are entitled to. If you are not happy with the response you may repeal to the landlord. Once you have agreed to the terms of the RTB2 form you will then recieve the section 125 Notice. This is usually sent out within 12 weeks of the submission of the RTB1 form. It will contain a detailed description of the property you wish to purchase, the total amount you will have to pay for it, the discount you will acquire, any defects in the property that the landlord is aware of, and the terms and conditions. If you are not happy with the section 125 Notice you may then apply to the district valuer for another valuation of your right to buy property. This must be carried out within 3 months of recieving the Section 125 Notice. Once the valuer has conducted the survey on the property, you will have a further 12 weeks in which to notify the landlord of your intentions, failure to do so will result in delaying the right to buy and having to go through the entire process again. Once you have been given approval to buy the property, you must arrange a mortgage. This can be done by going to your High Street Bank , or by contacting a mortgage broker like ourselves. We offer a free service to get you the best deal on the market sale. You should also consult a solicitor to do the conveyance
Right To Buy Mortgages Frequently Asked Questions
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