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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.
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:
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Charlie
Jason has been fantastic throughout, always available, clear with his communications and made the process completely pain free for me!!
2 weeks ago
Lloyd
Excellent service very open and honest like making new friends.
4 weeks ago
Bria
Fantastic customer service from start to finish. Called Nottinghammoneyman around 9pm one evening, and I was surprised at how quickly they returned my call. Matt was excellent throughout, arranged all contact at a time that suited us, which were...
1 month ago
Marie
Absolutely amazing from start to finish. So helpful, every step of the way we was informed of what was happening. Cannot thank them enough.
2 months ago
Anonymous
Very pleased with the service. Chris and the Team have helped me through the mortgage process, making it as easy as possible. They have also managed to find an excellent mortgage deal.
2 months ago
Clare
Nottingham moneyman helped me with my first mortgage 5 years ago and I had a great experience then and now my mortgage is up I have had another great experience with sorting out what to do next. Couldn't recommend the company enough
2 months ago
Kunal
Professional, polite & thorough. I’m genuinely glad I found these guys. Thank you so much.
3 months ago
Rosita
Excellent service the help and support provided throughout the process was second to none. I would highly recommend this company for any of the services they provide. Dan Osman in particular was so supportive and invested in my family he was such...
3 months ago
Leslie
Excellent service from Tom for our second mortgage, supported us through the process with very quick turnaround. Cannot recommend Nottinghammoneyman highly enough!
3 months ago
Craig
Quick at responding and delivered on everything they promised.
3 months ago
Lisa
The Nottingham Money Man group have been fantastic in helping me to navigate the complicated waters of house buying and obtaining a mortgage and the relevant other insurances etc you need with this. They have taken their time to explain things...
4 months ago
Wayne
Well what can i say We dealt with Leo Shakespeare and Jo Parnell throughout all stages of Our Mortgage Application, they both discussed and went through every detail throughly and helped us immensely i couldn't of wished for anyone better to of...
4 months ago
Daniel
I couldn’t find a mortgage in principle anywhere that suited me because of Low credit scores and applying for mortgage alone, I honestly thought I was never going to able to buy a house but jason managed to work some magic and find me something...
4 months ago
Sindi
Very happy with the service, super friendly staff and extremely helpful.
5 months ago
Christopher
Charlie has been the ideal advisor in the months we've worked together. Knowledgeable, honest, personable and consistently happy to help. He and his team have made my experience as a first-time buyer a LOT less confusing!
6 months ago
Anna
Would and will be recommending this company. They (Conner) provided an extremely professional and efficient service in switching over our mortgage to a better interest rate. Always very contactable which quite frankly is something in this day and...
6 months ago
Alexander
Great service. Best value. We spoke to 3 brokers. Money man had the best deals so went with them. Service was fantastic. The mortgage we wanted was being pulled on the day so Paula went out of her way to ensure they had everything to send our...
6 months ago
Jan
first time I’ve used U.K. money man and I would like to say big thank you to Chris and Stacey who were helping us with our mortgage and made whole process smooth and easy for us from beginning to the end.Thank you 🙏
6 months ago
Jonathan
Very helpful and informative. Kept us in the loop and followed up with emails. Thank you!
7 months ago
Baljinder
Conor was excellent and efficient through the process and always helpful. Would highly recommend Moneyman.
7 months ago
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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