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Do you qualify for a discount to buy your council house?

Did you know you might be able to buy a house at a discount and without even any deposit?! How good is that?!

If you are buying a house from the council or a housing association, you qualify for a DISCOUNT on the market value of the property. MANY LENDERS TREAT THIS DISCOUNT AS DEPOSIT so you don’t need any more savings to buy.

Of course, you may still wish to add on to the purchase and take a smaller mortgage.

Always check with a qualified mortgage adviser as not all lenders are the same and some may still ask you to have a deposit.

How much discount can you get then?

Discount levels are different by the length of tenancy, type of property and region.

For example, after 3 years of living in a #councilhouse, you can get 35% discount of the market value of the property. When you have lived in the house for 5 years, this discount then goes up by 1% with every year up to a maximum of 70% discount.

To calculate your discount eligibility, use free calculator tool:

https://righttobuy.gov.uk/right-to-buy-calculator/

If you are buying from the Housing Association, the discount you could get is between £9,000 and £16,000 of the price of your property.

For any questions on #mortgage for #righttobuy or #righttoacquire, feel free to contact us: www.grnfinancialservices.co.uk




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GRN Financial Services

Mortgage broker

15 Bath Street,

Leek

ST163JQ 

REMEMBER! YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

GRN Financial Services Limited act as a credit broker not a lender.

OUR FEES and charges vary depending on the services we provide to you. We typically charge a fee of £350 payable on application.
Some of the products/services shown are not or may not be regulated by the Financial Conduct Authority’.

GRN Financial Services Ltd is a company registered in England and Wales. Registered number: 11200120. Registered office: 15 Bath Street, Leek, Staffordshire, ST13 6JQ. GRN Financial Services Limited is an appointed representative of PRIMIS Mortgage Network. PRIMIS Mortgage Network is a trading style of Personal Touch Financial Services Ltd which is authorised and regulated by the Financial Conduct Authority The information in this email is sent in confidence for the addressee only and may be legally privileged. Unauthorised recipients must preserve this confidentiality and should please advise the sender immediately of the error in transmission. If you are not the intended recipient, any disclosure, copying, distribution or any action taken in reliance on its content is prohibited and may be unlawful. GRN Financial Services Ltd accepts no responsibility for any loss or damage resulting directly or indirectly from the use of this email or the content.

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