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Right to Buy Mortgage Advice in Essex

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We can Help you buy Your Council House Under the Right to Buy Scheme

The Right to Buy scheme is currently available for council tenants to purchase their properties at a discounted rate from their local authority. Our mortgage advisors in Essex will be able to help you throughout your whole homebuying process. From your initial enquiry to completing the purchase of your council property.

 

Right to Buy Essex

 

Often, due to the sizeable amount of discount offered, no deposit will be required for your purchase. As the discount or “Equity in the property” will be used as your deposit.

 

Some lenders will also allow for you to borrow extra funds for home improvements, such as new windows, kitchen, and conservatories etc. This will be completely dependent on your individual circumstances. If you raise this with your mortgage broker in Essex they will be able to help ascertain whether this is possible for you.

How does it work?Get a quote nowMeet your advisor

We search 1000s of mortgage deals across a large number of lenders, including:

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How does the Right to Buy Process work?

Firstly, you will need to check your eligibility and request an application form from your local council. Once this application form has been submitted, you will then receive your discounted purchase price. Once you have received your purchase price figure, you will then have a certain time frame to accept this. It is then time to look at a mortgage to fund your purchase.

 

This is where we can help. As a mortgage broker in Essex, we can search 1000s of mortgages to find you the best deal for your right to buy purchase. We can also help with recommending a conveyancing solicitor, surveys and relevant insurance products.

 

 

Get in touch to book your free mortgage consultation in Essex.

Why choose us for Right to Buy Mortgage Advice in Essex?

  • All customers receive a Free no-obligation mortgage consultation.
  • We are open 7 days a week 8am – 10pm. Making sure we can work around your busy schedule
  • We can search and compare 1000’s of mortgages, to find the right one for you.
  • We have helped many buyers on to the property ladder using the right-to-buy scheme
  • Our Mortgage Advisors in Essex are very experienced and have a wealth of knowledge

What our customers say

Common mortgage
questions

Your free mortgage consultation in Essex will last around one hour. We will then recommend a mortgage for you with no obligation for you to proceed and you can decide whether or not you wish to proceed with the mortgage.

The discount provided by the council will often be used by lenders as your deposit. Some lenders however, will require you to put down a deposit in addition to the discount. This is sometimes the case if you’ve been struggling with credit problems. Our Mortgage advisors in Essex are able to answer your right to buy deposit questions.

As your mortgage broker in Essex, we carry out a Fact Find to establish your personal needs before we recommend the most suitable mortgage for you. A credit check gets required for an Agreement in Principle. Once you have provided all the relevant documentation and a valuation of the property has been undertaken, a formal mortgage offer can be issued.

To avoid possible rejection, we recommend you obtain an Agreement in Principle before you begin viewing properties in Essex. At the very latest we also recommend, you should obtain one prior to making an offer to assist your bargaining position.

An Agreement in Principle typically lasts for between 30 and 90 days depending on the Lender used. This can always be refreshed if it happens to expire.

If you’re thinking about the future of your property, whether you’re looking at debt consolidation or home improvements, you may eligible for a second mortgage. This may also be a possible option if you’re wanting to use it for yourself, a family member, a holiday home or a Buy to Let.

The good news is you can still get a mortgage but you may possibly be required to put down a higher deposit than usual, perhaps 15% of the property purchase price.

Once you have submitted at least one year’s accounts, you can get a mortgage. A large majority of Lenders use your salary plus dividend to calculate the maximum mortgage, whereas others are known to go off your net profit.

For an employee to prove income, It’s usually three payslips and the latest 2 years’ accounts for Self Employed. You will also need to produce proof of ID, address and 3 months’ bank statements.

A standard initial mortgage consultation with one of our Mortgage Advisors in Essex can take around 1 hours. We can normally produce an Agreement in Principle within 24 hours and achieve a formal mortgage offer within 3 weeks.

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We make it so easy!
Our 4 step process

Step 1

Contact the council for an application form and check your eligibility for the scheme.

Step 2

You'll receive a purchase price and from there we can take some initial details and book you in with a Mortgage Advisor in Essex.

Step 3

From there your dedicated advisor will work by your side, ensuring the process goes smoothly.

Step 4

We’ll try to find you the most appropriate mortgage deal. We’ll be there to support you, right through to completion.

A telephone call where we can take some initial details and find out about your plan of action.

Enjoy finding a property!

Make an offer on the property you set your heart on – we’ll finalise your figures and help you to get a good deal.

Our mortgage recommendation. We’ll try to find you the best mortgage deal. We’ll be there to support you, right through to you getting your keys.

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Essexmoneyman.com & Essexemoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited registered in England, registered number 6789312 and registered office 10 Consort Court, Hull, HU9 1PU.


Essexmoneyman, Elizabeth House, 28 Baddow Road, Chelmsford, Essex, CM2 0DG.

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