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The longer you have been a tenant, the bigger the discount. If you buy your home, you can sell it at any time - but if you do this within three years you will have to pay back the discount.
When you are looking at the difference between renting and buying, don't just check the weekly payments. Remember your rent includes buildings insurance and a repairs service. When you buy your home you will need to pay for these yourself.
Advantage with council right to buy mortgages are:
Disadvantages with council right to buy mortgages are:
If you are thinking of buying, beware of 'Right to Buy' sales people who may try to get you to sign deals on the doorstep with a large brokers fee added in to your costs. You should get independent financial advice about the different types of mortgages available.
We are qualified independent mortgage advisors that can be trusted to give you that independent impartial advice. Why council right to buy Mortgages from Homesavers Mortgages? There are lots of great deals on council right to buy mortgages in the uk and Homesavers Mortgages have them ALL, we have:
Every month we help hundreds of people, just like you find their perfect mortgage. Find out why so many people put their trust in Homesavers Mortgages.
Remember - Homesavers Mortgages 'do not charge' a brokers fee
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