Right to Buy in Cambridge | Right to Buy Mortgage Advice in Cambridge

Right to Buy in Cambridge

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Buy Your Council House Under a Right to Buy in Cambridge

The Right to Buy Scheme was brought in by the government to allow eligible tenants in the UK to purchase their council house for a discounted price.

 

If you wanted to see whether or not you qualify for a Right to Buy in Cambridge, visit your council’s website and give them a call and they should tell you what the entry requirements are. Once you find out if you are able to access the scheme, it’s time to get the ball rolling and begin the process of a Right to Buy in Cambridge!

 

Right to Buy Mortgage Advisor in Cambridge

Usually, you don’t need to put down a deposit for your council home due to the large amount of equity that has been built up inside the property. Meaning, for some tenants, this can be a great way of getting onto the property ladder. The amount of equity that is inside the house depends on how much your discount is and the value of the property.

 

Depending on your lender, you may be able to borrow additional funds to use for home improvements. This could be an option worth considering, especially if you have already saved money by not needing a deposit as it could balance out in the future. When we say home improvements, we mean anything ranging from new double glazed windows to extensions or conversions. A Mortgage Advisor in Cambridge can advise you on these accordingly.

 

How is the Discount Worked Out?

The discount percentage is worked out using a variety of different factors such as where you live in the country, how long you’ve been a council tenant/long you’ve lived within the country.

 

From our experience in working with mortgages for a Right to Buy in Cambridge, the applicant is normally a First Time Buyer. Whether you are a First Time Buyer or not, we know that the mortgage process can often come with some difficulties and stress, and that’s exactly why we want to help you!

 

Your Mortgage Advisor in Cambridge will be right by your side from your initial enquiry, all the way through to the completion of your mortgage for a Right to Buy in Cambridge.

 

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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What steps do I need to take to get a Right to Buy in Cambridge?

During our time as a mortgage broker in Cambridge, we have helped lots of housing association or council home renters to buy the home they are currently renting, taking a step onto the property ladder.

 

They were able to take this step by using a Right to Buy in Cambridge, a scheme which was brought into the mortgage world by the government. Below we have put together a list of the steps you need to take in order to obtain a Right to Buy in Cambridge.

Checking Eligibility

The first step you will need to take, before anything else, is to contact your local authority; whichever one owns the property. This is typically referred to as the local authority when discussed within the world of mortgages.

 

The reason that this step needs to be taken, is so that you can be sure whether or not you qualify for a Right to Buy in Cambridge. This local authority will take a look at your circumstances to make sure that you match up with the criteria for the Right to Buy Scheme.

Purchase Price

Once you are able to confirm that you are eligible for a Right to Buy in Cambridge, your local authority will be able to present to you the purchase price for the property in question. You will have only a set amount of time in which you can accept this offer.

Start Your Application

You’ve agreed to their purchase price, now it’s on to the next and best step of your mortgage journey! Book yourself in for a free mortgage appointment and we’ll get you started on your mortgage process.

Useful Tips from a Mortgage Broker in Cambridge

It’s important to make sure that you are definitely eligible for a Right to Buy in Cambridge and that you are aware of the purchase price, prior to looking into purchasing your rental property from the local authority.

 

Once you are aware of the properties purchase price, the next step that you’ll have to take, will be to speak with a trusted mortgage advisor for Mortgage Advice in Cambridge. Your mortgage advisor in Cambridge will be able to find you the most appropriate mortgage deal based on your circumstances, matching you up to the right criteria.

 

This mortgage appointment will include your mortgage advisor in Cambridge learning more about your income, your spending habits, in order to find out whether or not you have the affordability to take out a mortgage.

Speak With an Expert Mortgage Advisor For a Right to Buy in Cambridge

As a mortgage broker in Cambridge that prioritises its efforts on providing customers with high levels of mortgage advice, we will always work hard to help our customers in finding mortgage success. This service extends to helping those who are looking to use a Right to Buy in Cambridge.

 

Your knowledgeable and experienced mortgage advisor in Cambridge will be there to guide you through the process, from your first time getting in touch, right the way through until your mortgage completes. They will always be there to answer any mortgage queries you have along the way.

 

Unlike the types of mortgage advisors you would encounter at a bank or building society, our trusted mortgage experts in Cambridge are here to search through 1000s of mortgage deals for you, finding one that is best for your circumstances.

 

We also have the ability to help you sort out conveyancing solicitors, providing advice on which may be the best survey for you to take. If you need help with anything at all regarding your mortgage process, please get in touch with your dedicated mortgage advisor in Cambridge or mortgage administrator. They’ll do what they can to help you out.

 

Our brilliant mortgage advice team will always be available to help customers with their Right to Buy in Cambridge, every day of the week! The process of obtaining a mortgage for a Right to Buy in Cambridge can often leave some customers with challenges. Worry not, we will work hard to reduce your stress and help you overcome any hurdles you face along the way.

 

Mortgage advice in Cambridge is available from am until pm, 7 days a week and even on weekends. No matter what type of schedule you have, there will be a mortgage advisor in Cambridge ready to take your call, subject to appointment availability.

 

Feel free to take a look at our genuine customer reviews. They are a true reflection of how hard we work to help our customers, and we’re very proud of our success rate in helping customers to obtain a Right to Buy in Cambridge.

01223 653832

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Common mortgage
questions

Firstly, you need to fill out our Fact Find to get an idea of your current personal and financial situation. Next, our team will pass over this information to your dedicated Mortgage Advisor in Cambridge, and they will keep in touch to schedule your free mortgage consultation. You will get asked a series of questions to help build up a profile; this will help them pick out a mortgage deal tailored to you.

Secondly, once the consultation is over, a credit check will carry out, and this will help you obtain an Agreement in Principle. Granted, if you are okay with everything and happy to proceed, we will then ask for some documentation to help strengthen your application.

Lastly, with your Agreement in Principle, submitted evidential documentation and a comprehensive mortgage offer that you’re happy to continue with, you can move onto the last stage – mortgage application submission!

The time scale can alter depending on the Lender but on average, an Agreement in Principle will likely last around 30-90 days.

If you’re Agreement in Principle expire, worry not. It’s an easy process to renew. Speak to one of our Mortgage Advisors in Cambridge or your current Lender to arrange a renewal of your Agreement in Principle.

You sure can! If you are wondering why someone might want a second mortgage, here are some popular situations:

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If you are looking for a second mortgage, contact our mortgage team in Cambridge today, and see how they can help you.

It may be harder for you to obtain a mortgage with past credit problems, but not impossible depending on circumstances. You may get asked to put down a larger deposit, which will vary depending on your lender.

If you are suffering from bad credit, give us a call, and our advisors will be more than happy to try and help. We have a wide variety of specialist mortgage lenders who may have the perfect mortgage deal for your financial situation.

Yes, the good news is it is possible to obtain a mortgage as a self-employed worker depending on circumstances. First. You need to produce at least one year’s accounts.

To work out the maximum mortgage amount you can borrow, Lenders will use your salary + divided, whereas others might go off your net profit.

Whether you’re applying for a mortgage or looking to remortgage, there are a few documents lenders will always want to see during the process. You will get asked to provide some evidential documents to back up your mortgage application. For example, you’ll need things like ID, bank statements, payslips.

Don’t worry if you forget any of these documents listed; your assigned Mortgage Advisor in Cambridge will run through all of this with you, so nothing gets missed.

Your free mortgage consultation in Cambridge can take approximately an hour; within the hour, we take an in-depth look into your personal and financial situation.

Once your consultation gets concluded, we will try to turn around an Agreement in Principle within 24-hours. An Agreement in Principle is essential when making an offer on a property, as estate agents and sellers often accept those who already have an AIP than those who haven’t.

The final step is to submit your mortgage application and wait for a formal mortgage offer. Usually, this will take about 2 -4 weeks – provided the process goes smoothly, and your application is relatively straightforward.

Our Mortgage Advisors in Cambridge job is to gather personal, financial and financial mortgage situation information from you during your free mortgage consultation because they need to build an in-depth understanding of your mortgage needs to try and find you the most suitable mortgage.

Once your consultation is complete, your Mortgage Advisor in Cambridge will begin searching for mortgage products on your behalf to match your personal and financial situation, saving you time and money.

We recommend you get an Agreement in principle before viewing any houses in Cambridge. Doing so may increase your chance of your offer getting accepted and will put yourself in front of other buyers who don’t have an Agreement in Principle in place.

Lenders will often use the discount provided by the council 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 Cambridge are readily available to answer any Right-to-Buy deposit questions you may have.

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 Cambridge.

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

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