Joint application for Right to Buy Scheme
You can also apply for Right to Buy Scheme in joint names with:
- Someone who is a joint tenant with you
- Up to 3 family members whom you have been living with for the past 12 months (if they share your tenancy or not)
Right to Buy Mortgage for a Retired Person
It is possible to get a Right to Buy mortgage for most people even if they are retired. Retired is a comprehensive term and does not entirely describe the state of a person, but it can be assumed that they may be someone of a mature age.
Age can be a factor that some lenders refuse to provide you with a mortgage facility. But most lenders are flexible enough to consider other factors besides age, based on the mortgage’s affordability to you.
Everyone’s circumstances are unique, but there are fair chances that you can get a Right-to-Buy mortgage even if you are retired.
The level of discount that you will be entitled to vary directly with the time you have been a tenant in your council home or housing association property –up to the maximum discount limit.
Right to Buy Mortgage Being a Self Employed
Most self-employed people think they will have difficulty obtaining a mortgage because the lenders see them as too high a risk. Being self-employed, you may need to change your perception if you think the same. You can avail if the chance has arisen to buy the council home that you are currently renting; under the right-to-buy scheme and can get the mortgage for this purpose.
The perceived difficulty for a self-employed person to obtain a mortgage is usually unforeseen, but most self-employed applicants will be assessed as any other.
As the number of people running their businesses has increased significantly, the attitude of lenders towards self-employed people has also changed over the years.
Affordability is the key factor to getting a mortgage. The lenders will happily provide mortgages to the self-employed applicants knowing they can afford the required amount.
Right to Buy Mortgage Specialists
When exploring financial products of any sort, it is always worth seeking professional advice before making any decision. We are experienced mortgage brokers and know how lenders can put people off by suspecting their suitability. At the same time, we also understand how the Right to buy discounts can make the mortgage much more accessible. We will try our best to find the right lender and the best deal for you according to your circumstances.
We have access to dozens of mainstream lenders and hundreds of mortgage products. We clearly understand how each lender assesses the applicants and, most importantly, what criteria they use to determine whether you can afford the mortgage.
We will help you find the best mortgage deal according to your financial circumstances. Even if you have a poor credit history, do not exclude them from obtaining the mortgage; we will pave your way through getting the right mortgage.