Besure Financial Services Ltd is authorised and regulated by the Financial Services Authority (Registration Number 301120) for residential mortgages, pure protection and general insurance business. We do not charge a fee for mortgage advice, however our typical administration fee for processing your mortgage is £495 and depending on your circumstances could be up to 1% of the mortgage advance. The overall cost for comparison is 7.7% APR.
Council Right to Buy Mortgage
A council right to buy mortgage is to give tenants of council or housing association properties the right to make the transition from being a tenant to becoming a home owner by way of giving you a discount from the market value of your property.
The amount discount which you receive depends on how long you have been a council or housing association tenant. For example if you have lived in a house for five years the discount is 35% or if it has been twenty years the discount could be 50% of the market value. However the discount that you receive is now limited to the maximum amount depending on your area. The maximum discount ranges from £16k up to £38k on all properties depending where you live.
There are a number of lenders who offer council right to buy mortgage schemes and there is also a process of which to apply, which is why it is best to contact us to assist you with this. We are an independent mortgage company & can therefore source the best deals for available for you.
If you would like to apply for a council right to buy mortgage APPLY HERE, where we will be able to give you advice on the whole procedure and look after your application from you becoming a tenant to a h ome owner.