Right to Buy Mortgage Advice in Liverpool

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What is a Right to Buy in Liverpool?

The Right to Buy scheme is a government-led scheme that gives the chance for many council tenants to buy their council homes at a discount price. The length of time that have you have been renting your property for will depend on the discount you will get.


The criteria may require you to have been renting your home for at least 3 years (this doesn’t always have to be continuous) renting from the local authority.


If you are looking into buying your home through the Right to Buy scheme, the property will be valued at the full price that it would be on the market. The government discount will come into effect before your purchase.


Purchase Your Council House Under the Right to Buy Scheme

Through their extensive and thorough knowledge and experience within the mortgage industry, our expert team of Mortgage Advisors in Liverpool always aim to help with providing open and honest Right to Buy Mortgage Advice in Liverpool.


In many cases, the home purchase will not require a deposit because of the size of the discount being offered to the home renter. This is common; however, this is not always the case.


The amount of discount will be based on a range of factors like the duration you have been a tenant within the public sector, the type of property you are looking to purchase through the scheme as well as the overall value of the property you hope to get.


Right to Buy Mortgage Process

To begin your journey of obtaining a Right to Buy in Liverpool, you need to know if you are eligible which is done through requesting an application form via the local authority. When they have received this, you will then know the property price and the discount that is to be applied.


Throughout your mortgage, we will be there to help by advising solicitors and property surveys when applicable. Your initial free mortgage appointment will allow our team to help you with summing up your potential mortgage costs and match you with the deals suitable 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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Common Right to Buy Mortgage Scenarios

Here at Liverpoolmoneyman, our team of trusted Mortgage Advisors in Liverpool have dealt with a range of council house renters who are looking to buy the property they are currently renting from their local council or housing association.


As mentioned, this is done through the Right to Buy scheme which was introduced by the UK government. Below are the steps you need to take to obtain a mortgage through the Right to Buy Scheme.

Checking Eligibility

In order to begin your Right to Buy journey in Liverpool, you first need to check if you are eligible for the scheme. You will need to contact the council or the housing association who owns your property. This is known as the “local authority” in the mortgage industry. This will give you an understanding of if you qualify for the Right to Buy scheme as they can try and match you up with the criteria.

Purchase Price

The local authority will be able to put forward a property price offer as soon as they know that your eligible. You will be given a time period that are able to accept the offer.

Start your application

This is the part where our team comes in! When you have agreed to purchase your home form the local authority at the price offered, get in touch with us to begin your mortgage application.

Useful Tips from a Mortgage Broker in Liverpool

In the circumstance where you are looking to purchase the property you are currently renting from the local authority; you need to see if you are eligible first and look at the property discount.


When you have worked the amount you will be able to buy the property for, it’s then time to contact a Mortgage Advisor in Liverpool. This allows you to know which lending criteria is the best for you in order to have a suitable mortgage.


To fully assess your financial profile, your expert Mortgage Advisor in Liverpool will look into your income and assess your spending habits. This can determine if you are able to afford to take out a mortgage on the property.

Are you looking to speak with a Right to Buy Mortgage Advisor in Doncaster?

As a Mortgage Broker in Liverpool with a reputation of providing open and honest Mortgage Advice in Liverpool, our team strives to make the mortgage journey successful. This is the also the case for customer looking to use the government Right to Buy scheme.


Your trusted Mortgage Advisor in Liverpool can provide the helping hand you need throughout the journey to answer any mortgage questions and to try and put your mind at ease.


Our expert Mortgage Advisors in Liverpool stand out from your typical bank or building society. With access, to 1000s of mortgage deals, they can find you the most appropriate deal that is fitting with your financial circumstance.


Our connections give us the chance to provide assistance in sourcing a conveyancing solicitor advising the most appropriate survey for you. Please contact us if you need help with any other services and we can we are able to help you.


We understand our customer’s have different lifestyle, which is why we provide a flexible service. From early until late, we are here every weekday and weekend to provide fast and friendly Mortgage Advice at your best convenience.


Check out our brilliant customer reviews that provide an insight of how we have helped a range of customer’s with their mortgage journey through our expert Mortgage Advice in Liverpool.

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Common mortgage

As your Mortgage Broker in Liverpool, our first job is to carry out a Fact Find on you to get a bigger picture of your personal and financial situation, so that we can recommend the most suitable mortgage for you. In order to obtain an Agreement in Principle, you will also need to have a credit check performed on you. Once you have provided all the relevant evidential documentation and a valuation of the property has been undertaken, a formal mortgage offer can be issued.

The council will provide you with a discount for your Right to Buy mortgage, and more often than not, this will be used by your lender as your deposit. Usually, if you’ve had credit issues in the past, lenders will choose this option over making you contribute towards the deposit. Our Mortgage Advisors in Liverpool are able to answer your right to buy deposit questions.

Your free mortgage consultation with Liverpoolmoneyman will last around 30 mins. After your details have been taken, a Mortgage Advisor in Liverpool will then search through thousands of mortgage deals to find a perfect matching deal for you. Once we recommend the deal, you can decide whether to proceed with us or not, it’s completely up to you!

We always recommend that you obtain an Agreement in Principle before you start viewing properties in Liverpool, as they can potentially put you in front of other buyers who don’t have one. Lenders will like the fact that you have prepared before making an offer.

An Agreement in Principle typically remains valid for between 30 and 90 days, but this can change depending on your lender. If your Agreement in Principle expires it can always be refreshed. A Mortgage Broker in Liverpool like us can usually get one sorted for you within 24 hours within your application.

Yes, you can get a second mortgage. You can take out a second mortgage for your current home for things like debt consolidation and home improvements. It is also possible to take out a second mortgage for another property if you want. Usually, this situation comes about when people are interested in a holiday home, are buying for a friend/family member or want a Let to Buy or Buy to Let.

It is possible but it can be a bit tricky though. When you have had previous credit problems your minimum deposit that is required could rise, we have seen it at 15% before. Having a Specialist Mortgage Broker in Liverpool could really help you get back on track in situations like these.

After you have proven at least one year’s accounts to your lender, you should be able to get a mortgage. Most lenders in Liverpool will use your salary plus dividend to work out your maximum mortgage, however, some can go off your net profit.

If you’re an employee, you will usually have to supply three payslips in order to prove your income. If you are Self Employed in Liverpool its normally the latest 2 years’ accounts. You will also need to produce proof of ID, address and 3 months’ bank statements.

Our free initial mortgage consultation can last up to 30 mins. As an experienced Mortgage Broker in Liverpool, after we have all of your information we can get you an Agreement in Principle within 24 hours or your phone call. On average, a formal mortgage offer takes about three weeks.

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 Liverpool.

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.

Handy quick links

Liverpoolmoneyman.com & Liverpoolmoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.

Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk

The information contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.
Should you have cause to complain and you are not satisfied with our response to your complaint, you may be able to refer it
to the Financial Ombudsman Service, which can be contacted as follows

The Financial Ombudsman Service, Exchange Tower, London, E14 9SR

© 2023 Liverpoolmoneyman

Liverpoolmoneyman, Rodney Chambers, 40 Rodney Street, Liverpool, L1 9AA.

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