Right-to-Buy |
Houses that are built of a traditional construction as well as flats and maisonettes, providing that there are not more than four floors, can be considered. Clearly it is very important to make sure that the mortgage and other outgoings are affordable. We will be pleased to listen to your plans even if they are not straightforward, e.g. a relative may be willing to act as a Guarantor. Key features of this mortgage |
If you are buying your home from a Local Authority, we can consider a mortgage for up to the discounted purchase price providing that we are not lending more than 75% of the current market valuation.| Minimum loan: | £10,000 |
| Maximum loan: | £500,000 |
| Value of property: | Not less than £75,000 |
| Max Loan to Value: | 100% of discounted price |
| Current variable rate: | 6.19% * |
| Overall cost for comparison: | 6.60% APR * |
| Leasehold: | Plus 0.15% to above rates |
| Portable: | Yes |
| Ages: | Minimum 18 - no maximum |
| Income capacity: | Based on affordability |
| Valuation fee: | See Scale |
| Property location: | England and Wales |
| Repayment methods: | Repayment, interest-only, part & part |
| Administration Fee: | £25 |
| Available for new purchase: | Yes |
| Available for remortgage: | Yes |
| Early repayment charge: | For the first 3 years |
| Deeds Release fee: | £50 |
| Redemption fee: | £75 |
* The actual rate payable will depend upon your individual circumstances, please ask for a personalised illustration. This mortgage will be regulated by the Financial Services Authority (FSA). Follow this link for information regarding Mortgage Regulation. To discuss your requirements, either complete our on-line Enquiry form or telephone our Mortgage Department on 01582 765411. Building insurance cover is required and can be arranged by the Society. Your home may be repossessed if you do not keep up repayments on your mortgage |
The Society is authorised and regulated by the
Financial Services Authority