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The Right to Buy Scheme is ran by the government, and will allow any eligible tenants who are living within England, to purchase their current rental property from the council for a slightly discounted price.
So long as you have spent at least 3 years (this doesn’t always have to be continuous) renting from your local authority and are secure tenants of your local authorities property, you may be eligible for a Right to Buy in Nottingham.
When you purchase a property via Right to Buy in Nottingham, that property will be valued at the full market price with the discount from the government being applied before you make your purchase.
If at the moment you are currently residing in a council house and you are named on the tenancy agreement, you may be eligible to purchase your home from the local authority (this is usually the council or housing association) for a discounted price.
Generally speaking, you’ll find that because you are being given a discounted purchase price, you won’t be required to put down a deposit (though this isn’t always the case).
The discount will be at a percentage of the property price. This discount is determined from a few different factors, such as where you are living, as well as how long you have been a council tenant.
Something that is perceived to be a major advantage for taking out a Right to Buy in Nottingham is that because of your discount, there will be equity already in your house. Again, there’s a lot that will determine how much, such as your discount amount and the properties true value.
For the most part, we find that it is first time buyers who are looking to do a Right to Buy in Nottingham. As a mortgage broker in Nottingham, we work with you, the customer, supporting and guiding you through every step of the mortgage process. This is the case from when you first get in touch, all the way until completion.
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4.95 Rating326 Reviews
Gabriel
The Nottingham moneyman team have been fantastic. Our house buying process was far lengthier and more complicated than we had expected but they were there every step of the way. Very responsive and always helpful. Would definitely recommend them to...
1 month ago
Jessica
My dedicated advisors, Charlie and Jo, have been absolutely fantastic in helping me to navigate the very stressful task of purchasing my first home. Many thanks to both
2 months ago
Dave
Quick and efficient service, Charlie very nice to deal with and gave clear advice. Debbie was diligent, friendly and clear. Appreciate the assistance with securing a mortgage at a reasonably tricky time for borrowing.
2 months ago
Andrew
Would recommend this company. Good service.
2 months ago
Anonymous
Dealt with everything very efficiently and sorted out a minor issue very quickly. Good communications.
3 months ago
Mr James
3rd mortgage I've got through Chris and the team! 10/10 will use again.
3 months ago
Anonymous
We first used Nottingham Money Man 5 years ago, our case was far from straight forward however Matt made the whole process easy. This lead us back to using Nottingham Money Man again recently as our fix term was due to expire. This time I dealt with...
3 months ago
Shahram
Everything was absolutely perfect. Very specialized team specifically Charlie.
3 months ago
Mr Sam
Great service, very informative and kept us up to date with the progress
4 months ago
Sarah
Thank you so much for getting our mortgage for us! Wasn't a straight forward mortgage and you sorted everything out for us stress free! Excellent response from you and your team! Will be recommending you to everyone! Thanks again Sarah
4 months ago
Anonymous
Really happy with the whole process
4 months ago
Richard
I’ve been back to Moneyman a few times. They are pleasant, helpful, profesional & I trust them. I’d highly recommend the service & I will use them again in the future.
5 months ago
Natasha
Excellent service very quick and super helpful will definitely recommend to family and friends.
5 months ago
Karen
Dinah and Debbie were extremely knowledgable about their products and were able to recommend a mortgage based on our needs. They were very friendly and kept us upto date and informed throughout.
5 months ago
Laura
The whole team were really helpful and always on hand to answer any queries. They were supportive and would go above and beyond to help.
6 months ago
Mark
Excellent service, very informative and extremely helpful throughout the application process.
6 months ago
Macauley
Brilliant company
6 months ago
Phoebe
Great advice, easy to contact & quick to respond to queries (even minor ones). I feel confident that Daniel helped us to find the best option for our situation at this time, couldn’t ask for more.
6 months ago
Grace
Matt and Meghan have been brilliant throughout the process of applying for a new mortgage. Matt’s expertise has been much appreciated and we won’t hesitate to contact you again in the future and recommend to friends.
7 months ago
Callam
Very helpful and always answered questions and calls quickly
7 months ago
Do I need a deposit when purchasing a council home? Many high street lenders ask you to have a minimum of between 5% and 10% of the property price saved as a deposit before they’ll offer you a mortgage. However, some specialist lenders will let you use your Right to Buy discount as a deposit instead.
The process typically involves:
Speaking with one of our expert mortgage advisor in Nottingham is essential to discuss your mortgage scenario.
With a wide selection of lenders offering specialised products designed specifically for those utilising the right to buy scheme.
Our committed mortgage advisor in Nottingham will handle the submission of your mortgage application and organize any additional documentation required by the lender.
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.
As an open & honest mortgage broker in Nottingham, we always aim to help our customers, including those who are in the market for a Right to Buy in Nottingham. From your first point of contact, all the way through until your mortgage completes, your trusted and experienced mortgage advisor in Nottingham will work alongside you, ready to answer all of your questions.
Our team of mortgage advice experts in Nottingham are able to search through 1000s of mortgage deals for you, working hard to try and find you the perfect mortgage deal for your circumstances. We can also offer our assistance when it comes to arranging conveyancing solicitors, helping you to decide on which survey would be right for you to choose. If you need any help with other additional homebuyer services, please feel free to ask your mortgage advisor. They will do their best to help in any way that they can.
Our loyal team of mortgage advisors in Nottingham will be on hand to provide guidance all throughout the week, from early until late. The Right to Buy process isn’t always straightforward and we will do our best to help you over any hurdles you come across. We aim to reduce your stress levels, helping you to feel both relaxed and excited for your mortgage outcome.
Mortgage advice in Nottingham is accessible at times that best suit you. We have time slots to work around both your work and personal life, from early until late, including weekends, subject to availability. Please take a look at our amazing customer reviews. They are a genuine reflection of the level of service we always strive to provide our customers with.
Throughout our time working in the industry as providers of fast & friendly mortgage advice in Nottingham, we have helped all kinds of customers to get onto the property ladder using a Right to Buy in Nottingham. There are a different ways you may be able to do this, but first you will need to make sure that you are definitely eligible.
First of all, you will have to contact your local council or housing association and fill out an application form for the scheme.
Your next step will be a small wait, whilst they check your details to make sure you are eligible for a Right to Buy in Nottingham.
Once they have confirmed your eligibility, you will be offered a purchase price on your home.
From that point onwards, you will be given a specific period of time for you to accept their offer.
Finally, once you have agreed on the price that they have offered, we can get started with your mortgage application.
We always recommend that you sit down and work out all of your finances before taking on something like this. Figure out your income and your outgoings, in order to better prepare for the journey ahead. Doing so can give you a much clearer idea of the money that you are going to have free for your potential mortgage payments.
The way we would personally do it, is to look at what you have now as a tenant, then compare all of that to how it could be for you as a homeowner. Our dedicated mortgage advisors are more than happy to offer you their guidance on this, to make sure you are mortgage ready for the future.
Book your free mortgage appointment online today, to speak with a trusted Mortgage Advisor in Nottingham.
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Nottinghammoneyman.com & Nottinghammoneyman 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, Nottingham, 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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Nottinghammoneyman.com & Nottinghammoneyman 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, Nottingham, 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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