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Right to Buy Mortgage Advice in Manchester

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7 days a week, 8am - 10pm

0161 7133 215 Speak to an Advisor - It's Free!
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Right to Buy Mortgage Advice in Manchester

Transition from tenant to homeowner in Manchester with Right to Buy. Speak to mortgage expert today to discuss your right to buy options.

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What is Right to Buy in Manchester?

The Right to Buy is a Government scheme that enables eligible tenants to purchase their council property, sometimes with a discount, and sometimes even without a deposit.

Eligible tenants have matched the requirements of spending at least 3 years (not always continuous) renting from a local authority and are secure tenants of a council or housing association owned property.

Being able to fund the purchase and having a good credit score, the scheme is available to all council tenants as long as they meet the full criteria for a Right to Buy mortgage in Manchester.

When you are looking to purchase your property via a Right to Buy in Manchester, the property will be valued at the full market price, with the government discount applied before the purchase is made.

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Right to Buy Mortgage Advice in Manchester

Purchase your house under the Right to Buy in Manchester.

Here at Manchestermoneyman, our team of dedicated Mortgage Advisors in Manchester aim to assist those who get in touch. By utilising their knowledge and experience working in the mortgage industry, we deliver a high standard of providing open and honest mortgage advice in Manchester.

This doesn’t happen to all tenants, but it has been known to happen that due to the sheer amount of deposit being offered to the home render, the property purchase will not require a deposit.

Different factors come into play to determine the homebuyers discount, this includes the length of time that you’ve been a tenant within the public sector, the kind of property you’re hoping to purchase under the Right to Buy Scheme and the actual value of the property in question.

Anyone familiar with the scheme in question and used it in the past will be aware that the discount applied may be lower. On top of this, there might be further options added on this to borrow additional funds for any home improvements.

What is the process of a Right to Buy discount in Manchester?

First, you need to see if you are eligible for a Right to Buy in Manchester, you can check eligibility by requesting an application form, from your local housing authority.

Once they have received this back, they will inform you of the property purchase price and the discount that is to be applied.You don’t have to make a decision straight away, here is a set amount of time to accept their offer.

While we go above and beyond to help you throughout your mortgage process, advising on solicitors and property surveys when applicable. As part of your initial free mortgage appointment. We can help you work out your maxium mortgage costs and match you up to the appropriate deals.

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FAQs for Right to Buy in Manchester

Do I need a deposit for a Right to Buy mortgage in Manchester?

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It’s worth noting that the Right to Buy scheme itself may allow you to use the discount applied to the property’s purchase price as part or all of your deposit. To explore the most suitable mortgage option for your specific situation, it’s recommended to compare offerings and speak with a mortgage advisor in Manchester.

What is the mortgage process for a Right to Buy Manchester?

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The Right to Buy is a government program that allows council tenants to buy their homes at a discount. The mortgage process for a Right to Buy purchase is similar to the process of buying any other property, but there are some specific steps and considerations to keep in mind.

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Our Right to Buy Mortgage Process

Free 30-Minute Mortgage Appointment

Step 1

Having a conversation with an expert mortgage advisor in Manchester is essential to discuss your mortgage scenario.

We Can Search 1000s of Mortgage Deals

Step 2

With a wide selection of lenders offering specialised products designed specifically for those utilising the right to buy scheme.

Submit Your Mortgage Application

Step 3

Our committed mortgage advisor in Manchester will handle the submission of your mortgage application and organize any additional documentation required by the lender.

Protecting You and Your Mortgage

Step 4

Alongside finding the most suitable mortgage deal, we are good at assisting those looking for insurance coverage to protect you and your loved ones financially.

Our Simple Right to Buy Process

Free Mortgage Appointment

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The Right to Buy process can sometimes have its hurdles, something we aim to help you head towards the end goals. Rest assured, we always aim to provide nothing but open & honest Mortgage Advice in Manchester, freeing you from any stress.

1000s of Deals

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Your allocated Mortgage Advisor in Manchester will support you through your mortgage journey, always on hand to answer any mortgage enquiries you have. One of the many benefits of using a Mortgage Broker in Manchester is we have access to 1000’s of mortgage products to find you the most suitable deal to match your personal and financial situation.

Our Service

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As an open and honest Mortgage Broker in Manchester with we always aim to provide high-quality Mortgage Advice in Manchester. Our team work their absolute hardest to ensure customer achieve mortgage goals or help point them in the right direction. Including those who are looking to get onto the property ladder via the Right to Buy Scheme in Manchester.

7 Days a Week

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We also can help you sort out conveyancing solicitors, advising on which survey we feel would be more suitable to your circumstances. If you need any assistance with this, please get in touch with your Mortgage Advisor in Manchester and we will try our best to help you. No matter how busy you feel your life is, there will be someone available at times that best suits you. Our Mortgage Advice in Manchester service is available from early on in the day, until late at night, every weekday and weekend.  

Malcolm and Amy Davidson - Mortgage Advice in Manchester

We Search 1000s of Right to Buy Mortgages in Manchester

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Common Right to Buy Mortgage Scenarios

Checking Eligibility

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First, you need to get in touch with either your housing association or council, whoever owns your property. By doing so, you can check eligibility to see if you qualify for the Right to Buy Scheme in Manchester. They will be able to see if you match up with their criteria.

Purchase Price

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If you have checked and are eligible for the scheme, the local authority will put forward a property purchase price offer. You don’t have to make a decision right away, they will give you a set time frame in which you can accept their offer.

Start Your Application

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By now you were happy with their offer and have agreed to purchase your home from the local authority. Next is the exciting part, contact our team and we can make a start on your mortgage application.

Mortgage Broker in Manchester

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If you are considering purchasing the property you’re currently renting from the local authority, it’s worth checking first if you are eligible and also see if the property comes with a discount.

Once you have worked out how much you can purchase the property for, your next step will be to speak with a mortgage brokers  in Manchester. Our job is to match you up against lending criteria to obtain the most suitable mortgage for your circumstances.

During your free mortgage appointment, our Mortgage Advisors in Manchester gather key information on the amount of money you make and look at bank statements, in order to choose whether or not you can afford to take out a mortgage on the property and find you the most suitable deal for your circumstances.

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Manchestermoneyman.com & Manchestermoneyman 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, Manchester, 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

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