mortgages
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Right-To-Buy Mortgages

If you have been a tenant in a council owned property in England & Wales for 2 or more years then you may be eligible for The Right To Buy Scheme. This will enable you to purchase the property at a discounted price.

The scheme has been successful in allowing people onto the property ladder who would otherwise not be able to own their home. The amount of discount varies according to each local authority, the type of property and the length of time in tenancy, but is usually between £16,000 and £38,000. Details can be obtained from your local council along with the exact eligibility criteria.

You will need to be in a financially secure position and able to pay the monthly payments before a lender will approve your application. You will then have the same obligations and responsibilities as with any other residential mortgage.


 

 

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Pure Money is a trading style of Bradgate Financial Solutions Limited and is authorised and regulated by the Financial Conduct Authority under FCA number 672856. Trading Address: UN14 Armstrong House, First Avenue, Doncaster, South Yorkshire, DN9 3GA. Registered Address: 11a Leicester Road, Blaby, Leicester, LE8 4GR

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR DEBT SECURED ON IT