Buying a home is for most people the single most important financial transaction of their lives. So before applying for your Right to Buy you need to consider all the costs involved.
It is more than likely that you will need a mortgage to be able to finance your purchase. So the first step is to check your eligibility for a loan and that you can readily afford the repayments and any costs involved. At the same time you need to consider insuring your home and contents as well as possibly life and income protection.
Whilst it is very unlikely you will need to have any deposit at all, there will be some one off costs to consider such as legal fees and possibly stamp duty. It may be the case that these can be incorporated into any mortgage facility and that you may be able to include some extra funding to improve your home.
We can pass your details to a Qualified Mortgage Advisor who will give you free and impartial advice on all of the above.
It may be that you have had some credit problems and are worried about being able to get a mortgage. There are now mortgages available for people with a less than perfect credit score who want to buy their home under the Right to Buy Scheme. We can put you in touch with a Specialist Advisor who can find out if you qualify, without any obligation and at no cost to you
There may be other costs you need to consider as well. Once you own your own home you will be responsible for any repairs and maintenance. If you live in a flat you may have to pay service charges.
So before you apply, contact us and we will look into all the likely ongoing costs for you and provide an accurate estimate before you apply.
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