Have you rented from the council for several years? You may be able to buy the property at a discount price and on top of that borrow a little extra for home improvements? Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage. Have a listen to the 60 second clip and if you need to know more get in touch via email hello@patrickjamessolutions.co.uk
Hello and welcome to today’s 60 second snippet into the mortgage world. Today’s subject is right to buy. Now no one can explain how the right to buy works in 60 seconds I’m not even going to attempt to but what I’m going to tell you is that there are lenders out there who view it completely differently. Some will still want you to contribute towards the purchase. Some will acknowledge the discount but nothing more some will allow you to purchase that property and dependent on the discount increase the amount of borrowing for some home improvements. You need to speak to someone that can understand your circumstances, has access to these lenders and can tell you which one would fit your scenario. So let’s look at the recommendations for you and present them to you for you to make that decision.