Right to Buy Mortgage Advice in Hull

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What is a Right to Buy in Hull?

The Right to Buy Scheme is a UK government initiative that enables eligible council home renters across England, including those in Hull, to buy their current home from the council at a discounted price.


The amount of discount you receive depends on the duration of your tenancy in the property.


To be eligible for Right to Buy in Hull, you must have lived in the property as a renter for at least three years, which can be cumulative, not necessarily consecutive, from either a council or housing association.


When purchasing your home through the Right to Buy Scheme, the property will be valued at its full market price, and the government discount will be applied to your purchase, allowing you to buy your home at a reduced cost.

Purchase Your Council House Under the Right to Buy Scheme in Hull

As reputable and transparent mortgage advisors in Hull, we take pride in helping our clients by leveraging our extensive mortgage knowledge and experience to provide expert Right to Buy mortgage advice in Hull.


Our primary goal is to help those who reach out to us, guiding them through the process with utmost dedication.


In many cases, due to the substantial discount applied to the purchase price for council home renters, a deposit may not always be required. There are instances where a deposit might be necessary, although this is less common.


The amount of discount offered through the Right to Buy Scheme depends on various factors, including the duration of your tenancy in the public sector, the type of property you intend to buy, and the property’s valuation.


If you have previously utilised the Right to Buy Scheme, the discount you receive may be slightly lower. For those seeking to finance home improvements, there may be additional options available to explore.


We are committed to helping you find the most suitable solution for your specific circumstances and objectives.

What is the process of a Right to Buy in Hull?

To access the scheme, the first step is to check your eligibility and request an application form from your local housing authority.


Once you submit the application, they will inform you of the property purchase price and the discount you qualify for, with a limited time to accept the offer.


Throughout your mortgage journey and beyond, we are here to support you. Our expert advice extends to helping you with solicitors and property surveys when needed.


During your free mortgage appointment, our advisors will assist you in determining your mortgage budget and finding the best deal available.


How does it work? Get a quote nowMeet your advisor

We search 1000s of mortgage deals across a large number of lenders, including:

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Common Right to Buy Mortgage Scenarios

Throughout our time of working across Hull as trusted mortgage advisors in Hull, we have worked alongside a lot of different council/local authority home renters who are perhaps looking to buy the home that they are currently living in.


Customers will be able to purchase their rental home by utilising the Right to Buy Scheme, a mortgage scheme that was introduced by the UK government.


Below we have listed a few of the steps you will need to take if you would like to get a mortgage using the Right to Buy Scheme.

Checking Eligibility

Before delving into the process of Right to Buy in Hull, the initial step is to get in touch with your property’s owner, which could be either the council or housing association, also known as the “local authority.”


Speaking with them will help determine your eligibility for the Right to Buy Scheme, as they can assess whether you meet the criteria required to participate in the scheme.

Purchase Price

After receiving confirmation that you are eligible for the Right to Buy Scheme, the local authority will present you with a property purchase price.


It’s essential to note that you’ll have a limited timeframe within which you must decide whether to accept the offer.

Start Your Application

Once you’ve accepted the purchase price and are prepared to proceed with buying your home through the Right to Buy Scheme, the exciting part begins.


Contact a member of our team, and we’ll promptly kickstart your mortgage application process! As trusted mortgage advisors in Hull, we’ll guide you every step of the way.

Useful Tips from a Mortgage Broker in Hull

If you’re considering buying your current home from your council or local authority, it’s essential to determine your eligibility and be aware of the potential property discount available.


Once you have a clear idea of the property’s purchase price, the next step is to consult with a mortgage advisor in Hull.


They will assess your eligibility for the Right to Buy in Hull and thoroughly examine your financial situation to find the most suitable mortgage deal that aligns with your needs.


To help you better, we’ll need to gather information about your income and spending habits.


This helps us gain insight into your financial profile and determine whether a mortgage is the right fit for your unique circumstances.


As trusted mortgage advisors in Hull, we are here to guide you throughout the entire process.

Are you looking to speak with a Right to Buy mortgage advisor in Hull?

As a highly reputable and honest mortgage broker in Hull, we are committed to providing top-quality and expert mortgage advice to help our customers achieve their mortgage goals, including those interested in the government’s Right to Buy Scheme in Hull.


Your designated mortgage advisor in Hull will be there to support you from the moment you reach out to us until your mortgage process is complete. We are always available to answer any questions you may have throughout the mortgage journey.


Unlike mortgage advisors working for banks, building societies, or estate agents, our experienced mortgage advisors in Hull have access to thousands of mortgage deals, enabling us to find the best one tailored to your specific needs.


We can also help you in arranging conveyancing solicitors and offer advice on suitable surveys. If you require any other services, simply let us know, and we’ll do our best to help.


Our dedicated team is available to provide mortgage advice in Hull every day of the week, including weekends, ensuring we can accommodate your busy schedule.


The Right to Buy process may involve some hurdles, but rest assured, we’ll guide you through it with transparency and a focus on reducing your stress.


Our commitment to excellent service is evident in the glowing reviews from our genuine customers. We take pride in our mortgage advice in Hull and the satisfaction of our valued clients.

Reviews Stars4.98 Rating677 Reviews

Common mortgage

For your Right to Buy mortgage in Hull, you will be given a discount from the council, which will likely be used as your deposit. Your lender may also ask you to provide an additional deposit, however, this should only be asked if you’ve had previous credit issues.

Our free initial mortgage consultation will last roughly 30 mins. Lucky for you, as an experienced Mortgage Broker in Hull, we can turn around an Agreement in Principle within 24 hours. All we need is a quick phone call to gather the necessary information. A formal mortgage offer takes about three to four weeks on average.

If you’re an employee, you will usually have to supply three payslips and the latest P60 to prove your income. If you are Self Employed in Leeds, it is typically the latest two years’ tax calculations and correspondings overviews. You will also need to provide proof of ID (Driving license or Passport). Proof of Address (Utility bills, tax bills or credit card statements) and three months’ bank statement. You are proving the deposit built up with an explanation for any significant credits.

The good news is it may be possible to get a mortgage if you are self-employed in Hull. To qualify, you need to submit at least one years’ accounts. Doing so will help to increase the likelihood of obtaining a mortgage. Most lenders take a look at your salary plus dividend to calculate the maximum mortgage amount. Others may go off your net profit. It all depends on the lender.

The good news is that you may find it a bit more challenging to obtain a mortgage despite having previous credit issues on your record. But it doesn’t mean it’s impossible, and you may still be able to get one! It just means that some Lenders may ask for a slightly higher deposit of around 10-15%.

The good news is it is possible to have two mortgages in Hull running simultaneously, as long as you can afford to repay the monthly instalments on each of them. If you’re looking to accomplish something like debt consolidation or home improvements, you may be able to place a second mortgage on your home.

An Agreement in Principle typically lasts for 30-90 days. However, this timeframe is up to the Lender. If your Agreement in Principle expires, worry not; you can renew it by getting back in touch with your Mortgage Advisor in Hull.

As a Mortgage Broker in Hull, we recommend that you obtain an Agreement in Principle (AIP) as soon as you can, preferably before you start viewing properties. Having an Agreement in Principle in place when you are viewing houses could potentially allow you to negotiate prices.

Our mortgage process consists of multiple different steps. The first step is to get in touch, and one of our trusted mortgage advisors in Hull will carry out a Fact Find to get a bigger picture of your mortgage situation.

Secondly, you’ll undergo your free mortgage consultation, and your assigned dedicated Mortgage Advisor in Hull will begin searching for mortgage deals that match your circumstances. If they find you an offer that you are happy to proceed with, we can get the ball rolling with your mortgage application.

Next, they will perform a credit check on you to obtain an agreement in principle. Some evidential documents will be required from you to help back up your mortgage application.

Lastly, they will submit your mortgage application and wait for a formal mortgage offer to be issued.

Your free initial mortgage consultation with your dedicated Mortgage Advisor in Hull will last around 30 mins. During this consultation, we will get to learn a bit more about your mortgage needs and what you are looking for. Once we know more about your personal and financial situation, we will start looking for mortgage deals that will match you perfectly.

We make it so easy!
Our 4 step process

Step 1

Contact the council for an application form and check your eligibility for the scheme.

Step 2

You'll receive a purchase price and from there we can take some initial details and book you in with a Mortgage Advisor in Hull.

Step 3

From there your dedicated advisor will work by your side, ensuring the process goes smoothly.

Step 4

We’ll try to find you the most appropriate mortgage deal. We’ll be there to support you, right through to completion.

A telephone call where we can take some initial details and find out about your plan of action.

Enjoy finding a property!

Make an offer on the property you set your heart on – we’ll finalise your figures and help you to get a good deal.

Our mortgage recommendation. We’ll try to find you the best mortgage deal. We’ll be there to support you, right through to you getting your keys.

Handy quick links

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How to Get a Mortgage in Hull if You’re Over 40

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