Council or Housing Association
Right To Buy Mortgage

What is a Right to Buy?

The Right to Buy was introduced in 1980. It means that secured tenants can buy their home at a discount to the full market value.
Your discount is based on the number of years you have spent as a public sector tenant.

I live in a flat, can I still buy?

Yes, If you buy a flat, you will become a leaseholder. Normally this means that you will be responsible for the interior of your home while the landlord will be responsible for looking after the structure and the exterior of the block. He will ask you to pay for the repairs and upkeep via service charges.

If you buy a house you will usually buy the freehold that is the house & the land it sits on, and all repairs ( in & out) will be your responsibility.

What is my first step ?

If you are thinking of buying, contact your landlord, Ask if “Can I buy my home” “What discount could I get” “ What is an estimated market value of the property”. You then deduct the percentage of your discount from the market value…and bingo you now know what size mortgage you will need. And you contact us, we get you a mortgage…double bingo your now the proud owners of your home.

Unfortunately life is not that simple. First ask your landlord for a R.T.B claim form (RTB1) fill out the form carefully. It is used to decide, whether you have the Right To Buy & how much discount you will get: This is a legal document, so send it back to the landlord via recorded delivery, or hand it in…get a receipt. Your landlord should respond within 4 weeks with a (Form RTB2) or 8 weeks if you have been a tenant less than 2 years.

If you have been successful, then now is the time to contact us, we will carry out a full fact find, explain in detail the different types of mortgage deals, fixed, cash back, discount etc. Repayment options, Term of the loan, Cost, & Warning. Before you start paying out any money.

We have lenders that finance Concrete homes, Flats, Maisonettes as well as standard construction, and as property is very different, so are people single/joint income, DSS payment used, self employed. We will do our very best to make it affordable to you.

The purchase of your home is normally the largest purchase you will ever make, so get it correct first time, we at Capital Alliance Financial Services Ltd like our clients to know all the facts so we have enclosed a link to the Department for Communities and Local Government (DCLG).
Your Right To Buy Your Home

The booklet will answer most of your questions & some you never thought of, it is full of information in 47 pages, we want you to be fully aware and comfortable on the road to ownership.

Click & complete the initial enquiry form, and one of our Certified Advisors shall contact you.

YOUR HOME MAY BE REPOSSESSED
IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE