If you’re looking to order new council house you currently alive from inside the, the good news is one delivering a mortgage to buy the fresh new assets from the council might possibly be smoother than simply to shop for another domestic property.

The reason being the council will often bring savings in order to owners, and can generally speaking provide even more the fresh new expanded the fresh occupant has existed here. So it discount can play the role of a deposit, which could suggest you have made a rate.

Always keep in mind you to definitely regular facts instance borrowing, earnings and whether the property is good non-standard’ structure find more information commonly apply to exactly how much you will be considering.

When you are a hundred% LTV (or no deposit) home loan isnt normally an easy task to rating, or something like that offered by extremely lenders to possess characteristics, for good 95% LTV ratio, this new applicant will have to violation rigorous qualifications criteria and cost monitors. Leggi tutto