If you’re a council tenant in Liverpool looking for guidance on your Right To Buy mortgage options, CRC Mortgages is here to help. Our professional mortgage brokers and advisors in Liverpool understand the complexities and potential rewards associated with the government’s Right To Buy scheme. Through personalised support and trusted advice, we aim to guide you clearly through each step of the process, ensuring you feel confident and informed throughout your home ownership journey.
What is the Right To Buy Scheme?
The Right To Buy scheme was introduced by the government to assist council tenants in Liverpool and across the UK to purchase their rented property at a discounted rate. While the prospect of home ownership might seem appealing, navigating the mortgage and application process can often feel confusing and overwhelming.
Our experienced mortgage advisors in Liverpool specialise in Right To Buy mortgages, offering tailored advice designed around your individual circumstances. At CRC Mortgages, our aim is to simplify the complex aspects of the scheme, clearly explain eligibility criteria, discount calculations, and provide guidance to help you make informed financial decisions throughout your journey.
YOUR HOME/PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR OTHER DEBT SECURED ON IT
The FCA does not regulate some forms of Buy to Lets. Think carefully before securing other debts against your home/property.
There may be a fee for mortgage advice. The precise amount of the fee will depend upon your circumstances but will range from £449 to £699 and this will be discussed and agreed with you at the earliest opportunity.
If you would like to speak with an adviser,
please contact us below.
How Can CRC Mortgages Liverpool Assist with Your Right To Buy Mortgage?
When it comes to securing a Right To Buy mortgage in Liverpool, having professional guidance can make a significant difference. Our experienced mortgage brokers at CRC Mortgages provide step-by-step support, from initial assessment to completion. We take the time to carefully consider your financial situation, answering your questions and clearly outlining your mortgage options to help you confidently choose the deal most suitable for your circumstances.
Our advisors understand Liverpool’s local property market well, and our personal approach ensures your unique needs are prioritised throughout. By thoroughly assessing your affordability and clearly explaining the costs and requirements involved, we aim to make your experience as straightforward and manageable as possible.
Remortgaging Your Right To Buy Property in Liverpool
If you’ve already used the Right To Buy scheme and now own your previously rented council home in Liverpool, you might benefit from remortgaging. Remortgaging your Right To Buy property can help you access more favourable mortgage terms, potentially reduce monthly repayments, release equity for home improvements, or better manage your finances.
Our dedicated remortgaging advisors at CRC Mortgages Liverpool will guide you clearly through the process, assessing whether remortgaging your property is financially beneficial based on your current circumstances. We strive to make this process as informative, transparent and supportive as possible.
Why Choose Our Mortgage Advisors in Liverpool?
Finding the right mortgage broker in Liverpool can seem challenging. Here are a few reasons why CRC Mortgages should be your trusted local mortgage advisors:
- Local Expertise: We have extensive knowledge of Liverpool’s property market, mortgage lenders, and schemes such as Right To Buy.
- Personalised Advice: We tailor our mortgage guidance to your unique financial situation and personal goals.
- Clear & Transparent: We pride ourselves on clear communication and transparency, ensuring you’re informed about each step of your Right To Buy mortgage journey.
- Flexible Availability: We aim to accommodate your schedule as flexibly as possible, understanding the importance of timely and convenient mortgage support.
Frequently Asked Questions About Right To Buy Mortgages in Liverpool
Do I need a deposit for a Right To Buy mortgage?
Although the discount provided through Right To Buy often acts as equity, some lenders may still require an additional deposit. Our advisors will explain how this applies to your specific circumstances clearly and help you understand what mortgage lenders may require.
Can I use Right To Buy if I have a poor credit history?
Having previous credit issues doesn’t automatically exclude you from participating in the Right To Buy scheme. Nevertheless, it could affect your mortgage options. At CRC Mortgages Liverpool, our mortgage advisors can assess your situation and help identify appropriate mortgage options despite previous challenges.
Can I sell my Right To Buy property in Liverpool?
Yes, however, if you sell your home within five years of the initial purchase, you may have to repay part or all of the original discount you received. There might also be certain conditions imposed by your council, which we will clearly explain during the mortgage advising process.
How long does the Right To Buy Mortgage process usually take?
The entire process typically ranges from three to six months, depending upon your individual circumstances and the responsiveness of your local council. CRC Mortgages Liverpool aims to make the process as efficient as possible, clearly communicating timelines and managing your expectations effectively.
If you’re considering using the Right To Buy scheme in Liverpool or need professional mortgage advice regarding your situation, please contact the friendly advisors at CRC Mortgages today. We’re here to provide personalised, transparent, and trusted support every step of the way.