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With the Right to Buy Scheme, eligible home renters across England can purchase their property from the council discounted rate. However, to find out first if you qualify for this scheme check out the Own Your Home website eligibility checker. Then, we are able to help you with your mortgage.
If you are thinking about buying your council property in York, this is the information you’ll need and the steps you should take.
If you have been renting the property for a minimum of 3 years (this doesn’t always have to be consecutive) and have been renting from the local authority, you may fit the criteria within the government Right to Buy Scheme criteria.
In the sale of a property under a Right to Buy in York, the property will be valued at full market price as it would if the landlord chose to put it on the market, and then a government discount is applied before purchase.
Here at Yorkmoneyman, our team of expert mortgage advisors in York aims always to help those who get in touch by utilising over 20 years of experience working in the industry to provide open and honest mortgage advice in York for Right to Buy in York.
Depending on the size of the discount offered to the home renter, their home purchase will not require a deposit. However, this doesn’t always apply to all, but it can happen.
The local authority will determine the homebuyers discount from a couple of factors, including the length of time you have been a tenant within the public sector, the type of property you hope to purchase with the scheme and the actual property value in question.
If you have previously used the Right to Buy Scheme, you could face a much lower discount. Capital raising options for home improvements, such as a new conservatory, windows or extension are also available with some of our mortgage lenders.
Firstly, you need to check if you are eligible for this scheme to get in touch and request an application form from your local authority. You have a set amount of time to accept their offer. Once you have received this back, you will be informed what the property purchase price is with the discount applied.
Next, we need to find you a suitable mortgage. We will be on hand to help you throughout the entire 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 potential mortgage costs and match you up to the appropriate deals.
Generally speaking, we find that those who utilise a Right to Buy in York are first time buyers in York. As a fast and friendly mortgage broker in York, we love working alongside our customers and are here throughout every step of the mortgage process, starting with your initial enquiry, all the way through to your completion.
The borrowing capacity for a Right to Buy mortgage in York hinges on various factors, including your income, credit history, and the policies of the lending institution. Your affordability is a key consideration for lenders, encompassing your income, expenses, and existing debts.
Moreover, the valuation of the property you aim to purchase under the Right to Buy scheme plays a pivotal role. For an accurate determination of the borrowing amount tailored to your individual circumstances, seeking advice from an experienced mortgage advisor in York or a mortgage broker like ourselves is highly recommended.
Deposit requirements for a Right to Buy mortgage in York can differ between lenders. Some may mandate a deposit, whereas others may provide mortgage options with either no deposit or a minimal deposit requirement.
It’s important to highlight that the Right to Buy scheme might permit you to utilise the discount applied to the property’s purchase price as part or the entirety of your deposit. To navigate the most suitable mortgage option for your specific situation, it’s advisable to compare offerings from various lenders and seek guidance from a knowledgeable mortgage advisor in York.
The mortgage process for a Right to Buy purchase in York mirrors that of acquiring any other property. Drawing from our extensive experience as committed mortgage advisors in York, we’ve guided numerous council home renters aiming to buy the property they presently rent from their local council or housing association. This opportunity is facilitated through the Right to Buy Scheme, a government initiative designed to streamline such purchases.
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Raphaella
Brilliant service helping me to remortgage.
9 hours ago
Katy
Matt and the team have been great. Quick turnaround from AIP to formal offer. Good advice and explained well in the initial stages. Overall very easy and simple process.
3 weeks ago
Nathan
Matt Collinson and his support team are brilliant, second time of using them and both times have been very smooth and simple! They have enabled to to exceed all my expectations the houses I would be able to purchase!
3 weeks ago
Reece
Very helpful, very efficient. Good service from a good team.
1 month ago
Anonymous
Made the remortgaging process very simple and completely painless! Highly recommend.
1 month ago
Anonymous
My industry generally uses fixed-term contracts and this complicated my situation when looking for my first mortgage. With my broker's help I was able to secure a mortgage and recently completed the purchase of a property. Thanks.
1 month ago
Grayson
smooth process throughtout. great communucation.would highly recommend to anyone looking for a mortgage broker.
1 month ago
Kieran
Helped me through my morgage process with no issues and was always just a phone call away to help me with any questions very great service throughout would highly recommend.
2 months ago
Mr.
Excellent advice given since I first started using their services. Honest and clear.
2 months ago
Chris
Fantastic service, Charlie and the UK Moneyman team went above and beyond to understand our financial situation and help us to get on the property ladder. Everything was patiently and clearly explained to us and we were kept up to date with the...
3 months ago
Anonymous
Excellent and personalised service
3 months ago
Alison
Have been very impressed. Certainly smoothed the whole process. Got a good deal on an atypical mortgage. Got an agreement in principle very quickly.
4 months ago
Simon
Excellent service
4 months ago
Anonymous
Excellent service. Would highly recommend.
4 months ago
Jason
Very good service always there to help you
7 months ago
Jason
Very good service always there to help .
7 months ago
Jeff
Chris and the team have been fantastic throughout our application, very friendly and always available to contact no matter how big or small the issues were and fantastic guidance for us first time buyers! We would highly recommend using their...
7 months ago
Anonymous
Great service, always helpful
9 months ago
Nathan
Friendly and relatable staff. Kept us in the loop and well informed throughout the process and made it all very hassle free for us.
10 months ago
Anonymous
Everything was well explained.
10 months ago
Engaging in a discussion with an experienced mortgage advisor in York is crucial to address and explore the details of your right to buy mortgage situation thoroughly.
A diverse number of lenders provides specialised products tailored explicitly for individuals utilizing the Right to Buy Scheme.
Your dedicated mortgage advisor in York will manage the submission of your mortgage application and coordinate any additional documentation needed by the lender.
In addition to identifying the a mortgage deal tailored to your specific situation, we excel in helping individuals seeking insurance coverage to provide financial protection for both you and your loved ones.
Our team are always on hand to help our customers who need mortgage advice in York, 7 days a week. Any mortgage hurdles we get faced, we aim to help you over these.
Mortgage advice in York is available throughout every weekday and even on weekends. No matter how busy your personal life is, there should be a mortgage advisor in York available at a time that suits you and your situation.
One of the benefits of using a mortgage broker in York like us, is that our expert mortgage advisors in York can search through 1000’s of mortgage deals, finding the most suitable one for your situation.
Another perk is that we can help you arrange conveyancing solicitors, providing advice on what may be the most suitable survey. If you require assistance with anything else mortgage-related, feel free to contact us, and we’ll see how we can help.
Utilising over 20 years of experience working in the industry, our Mortgage Advisors in York have come across many different mortgage scenarios in the past. Many of those people were looking to utilise a Right to Buy in York to purchase their property from their local council or housing association and finally be a homeowner.
Yorkmoneyman has an excellent reputation for providing expert mortgage advice in York. Our mortgage advisors aim to do their very best to help customers reach their mortgage goals. This includes customers looking at using a Right to Buy in York and getting onto the property ladder.
Your mortgage advisor in York will always be on hand to guide you during the entire process from the first time you get in touch, right the way through to getting the keys, always making sure to be available to answer any questions you have regarding the mortgage process.
First, you have two choices: contact and speak to the council or housing association that owns your property or check out the eligibility checker on the government OwnYourHome website. Next, you will answer any questions they may ask you to make sure you fit the criteria.
Next, your local authority will offer you a price to buy the property. Usually, you get a set time to decide if you accept the purchase price or not.
Once you have got your discounted purchase price from the local authority, contact Yorkmoneyman and book yourself in for a free mortgage appointment to speak with one of our mortgage advisors in York to check your eligibility and affordability for a mortgage.
The perks of using a mortgage broker in York is that we can search 1000’s of deals to find you something suitable for your circumstances. Then apply to your local authority confirming that you would like to purchase the property. We can then process your full mortgage application.
If you are contemplating purchasing the property, you are currently renting through your local authority or housing association and have made sure you qualify for the scheme.
Contact a mortgage broker in York to speak to a mortgage advisor as we can check your eligibility for a mortgage, including gathering information on your income and expenditure to work out if a mortgage is viable and affordable.
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Yorkmoneyman.com & Yorkmoneyman 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: 9 Gallows Lane, Beverley, United Kingdom HU17 7FJ.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk.
© Yorkmoneyman 2025.
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Yorkmoneyman.com & Yorkmoneyman 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: 9 Gallows Lane, Beverley, United Kingdom HU17 7FJ.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk.
© Yorkmoneyman 2025.
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