Right to Buy Mortgage Advice in Bristol

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What is a Right to Buy Mortgage in Bristol?

The Right to Buy Scheme is a popular scheme often used by first time buyers, that is ran by the government and allows eligible tenants in England to purchase their property from the council for a slightly discounted purchase price.

So long as you have spent at least 3 years (this doesn't always have to be continuous) renting from a local housing association and you are a secure tenant of a council owned property, you could find that you are eligible for a Right to Buy in Bristol.

When you buy a property using a Right to Buy in Bristol, the property will be valued at the full price that it would be on the market with the government discount applied before you make your purchase.

It can be beneficial to get in touch with a mortgage broker in Bristol as they can assist you with finding an appropriate mortgage, solicitors and survey when necessary.

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Right to Buy Mortgage Advice in Bristol

Purchasing Your Council House Under the Right to Buy Scheme

It’s the goal of our dedicated and trusted mortgage advisors in Bristol to help all of our customers using the knowledge and experience we have gathered over time through our time of working hard within the mortgage industry, providing many with expert Right to Buy mortgage advice in Bristol.

Because there will be a rather sizeable discount being offered to the tenant, they typically won't need to save up a deposit for the property out of their own pocket. This isn't always necessarily the case, though we find it happens often.

In order to work out the homebuyers discount, they will take a look at various factors, such as the amount of time that you have been a tenant within the public sector, the type of property you're buying and the true value of the property in question.

If you have taken out a mortgage on a Right to Buy in Bristol previously, this number may be lower than you could've otherwise expected. There are also options with several mortgage companies that allow you to borrow further funding for home improvements such as room extensions, new kitchen fittings etc.

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Common FAQs for Help to Buy in Bristol

What schemes can I access with a Help to Buy mortgage?

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The Help to Buy program offers a variety of options for homebuyers who want to access a mortgage with a small deposit. These include the Lifetime ISA, Shared Ownership, First-Homes Scheme and the Mortgage Guarantee Scheme. If you're interested in learning more about these options, our mortgage advisors in Bristol would be happy to provide you with more information and answer any questions you may have about the Help to Buy program.

Can I access a Help to Buy scheme?

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To determine eligibility and learn how to apply for the Help to Buy schemes, it's recommended to consult a mortgage advisor in Bristol who has a comprehensive understanding of the program's terms and conditions and the specific criteria for each scheme. A mortgage broker can also provide guidance and advice on how to navigate through the process.

Why use a mortgage broker in Bristol?

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With a dedicated Mortgage Advisor in Bristol by your side, you will be guided through the mortgage journey being supported every step of the way. They will be there to help you overcome any hurdles that may occur and strives in relieving the stress of the mortgage process. Our team at Bristolmoneyman always provide open and honest Mortgage Advice in Bristol through your Help to Buy in Bristol.

Our team will be there to provide you with the guidance and support you need throughout your mortgage journey. We will keep you informed throughout explaining what's going on and keeping technical jargon to a minimum. Furthermore, we will be on hand to answer any of your mortgage questions.

Customers are at the heart of Bristolmoneyman. Our team prides itself on providing a service that supports you throughout the process and goes above and beyond the mortgage.

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Right to Buy Mortgage Process in Bristol

Request an Application Form

Step 1

To get the process started, you first need to check to see if you are eligible and speak to the council to request an application form.

Your Offer

Step 2

Once they have received your application back, you will receive an offer notice which outlines the value of the property and the discount that is to be applied. You have a set amount of time to accept this offer.

Speak to a Mortgage Broker in Bristol

Step 3

We have the ability to help with your mortgage, solicitors and survey at any point that you need help with these.

Taking out your Right to Buy Mortgage

Step 4

As part of your free mortgage appointment, your mortgage advisor will be able to give you an idea of how much your Right to Buy mortgage in Bristol will cost and if you match the criteria for it.

Reasons To Choose Us

Open & Honest Mortgage Advice in Bristol

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As an open & honest mortgage broker in Bristol with a reputation for providing an excellent mortgage advice service, we will always work hard to ensure our customers achieve the right outcome. This service of course extends to those looking to obtain a Right to Buy in Bristol.

Free Mortgage Appointment

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From the first time you speak with a mortgage advisor during your free initial mortgage appointment, all the way until your mortgage completes and beyond, your trusted mortgage advisor in Bristol will make sure they are always on hand to answer any of your mortgage queries and concerns.

We Search 1000s of Mortgage Products

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Unlike the type of customer experience that many may encounter when speaking to the mortgage advisor of a bank or building society, our team of affable and qualified mortgage advisors in Bristol have the ability to search through 1000s of mortgage deals on your behalf, matching you up with the perfect one for your circumstances.

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Our reputable and experienced team will be on hand to provide guidance and support to our customers, 7 days a week! A Right to Buy in Bristol can sometimes have its challenges, which we will always work hard to help you overcome.

Our fast & friendly service is designed to help reduce your stress levels, leaving the hard parts in our hands, so that you can relax ahead of mortgage completion.

Our Reviews

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Please feel free to take a look at our amazing customer reviews. They are a wonderful reflection of the levels of service we work hard to provide to our customers when they contact us for expert Right to Buy mortgage advice in Bristol.

Malcolm and Amy Davidson - Mortgage Advice in Bristol

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Step by Step Right to Buy Mortgage Process in Bristol

Checking Eligibility

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The first thing that you'll need to make sure you do, is to contact the owner of your property, which will either be a local council or housing association.

When you do this, you'll need to ask them if you are eligible for a Right to Buy in Bristol, which they will check for you by matching you up against the criteria for the scheme.

Purchase Price

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Once you are able to confirm that you are in fact eligible for a Right to Buy in Bristol, the local authority you spoke to will determine the properties value and offer you a discounted purchase price for you, of which you will have a limited amount of time to accept.

Start Your Application

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At this point, if you have accepted the purchase price offer that the local authority gave you for your Right to Buy in Bristol, it's onwards to the exciting steps.

Book your free mortgage appointment and we'll be able to get the ball rolling on your mortgage application process.

Useful Tips from a Mortgage Broker in Bristol

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If you are wondering what your options may be for purchasing your current local authority rental property, the first steps are to find out whether or not you qualify for the scheme and what the discount applied may be.

Once you have determined an accurate figure of the property purchase price, you can then book a free mortgage appointment with an experienced mortgage advisor in Bristol, who will gather information on your income and spending habits, to make sure qualify for a mortgage.

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Bristolmoneyman.com & Bristolmoneyman 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, Hull, 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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