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The Right to Buy Scheme is a government ran scheme that allows eligible tenants in England to purchase their property from the council for a partially discounted price.
If you have spent at least 3 years (not always continuous) renting from a local housing association and are secure tenants of council property, you may be eligible for a Right to Buy in Sheffield.
When purchasing a property via a Right to Buy in Sheffield, the property will be valued at the full market price with the government discount applied prior to purchase.
By speaking to a mortgage advice in Sheffield, they can help check if you are eligible for the scheme. Alternately, to keep yourself updated with the rules and regulations, you can also check out the government Own Your Home website.
The process begins with you checking you are eligible and requesting an application form from the council. Once they have received this back you will receive an offer notice which sets out the property value and your discount. You then have a set period of time to accept this offer.
Throughout your mortgage, as a mortgage broker in Sheffield, we are able to help with your mortgage, solicitors and survey as and when required. As part of our initial free mortgage consultation, we can give you an idea of how much your Right to Buy mortgage in Sheffield will cost and if you qualify.
The amount you can borrow for a Right to Buy mortgage in Sheffield, or anywhere else in the UK, depends on several factors, including your income, credit history, and the lender’s policies. Lenders typically assess your affordability, taking into account your income, expenses, and any existing debts.
They may also consider the valuation of the property you wish to purchase under the Right to Buy scheme. A mortgage advisor in Sheffield or broker can help you determine how much you can borrow based on your specific situation.
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Darren
Would definitely recommend Sheffield Moneyman. Took all the stress out of getting the right mortgage. Will use again when my fixed rate ends.
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This is the 3rd time I've used Sheffield Moneyman & I've not been disappointed.
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Anonymous
I have been with them for almost 10 years now, with both my residential property and a buy-to-let, and they are really great. I have mortgaged and remortgaged many times to reflect changes in the properties, their value or to take advantage of...
3 weeks ago
Sean
leo & stacey have been amazing helped us get a mortgage and put any worries or stress to ease highly recommend
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Christopher
Very good service from Malcolm and Paula. Malcolm explained the whole process to me (a first time buyer), and found a good mortgage product for me. Paula then handled my application through to it being approved. They kept me informed at all stages...
1 month ago
Eleni
Both Jason Loft and Debbie Stones have provided excellent service and were very informative and supportive through all the steps of the process. I would highly recommend them for anyone looking to buy a house but don’t know where to start. 10/10...
1 month ago
Delton
Really great service discuss everything possible. Second time of using them and will use them again.
2 months ago
Rachel
Second time I have used Sheffield moneyman. They are a straightforward brokers, explain different options to you. Always keep you updated every step of the way. Would recommend this company.
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Julie
Absolutely amazing . Helped when others weren’t very helpful even with plenty of obstacles along the way. Their knowledge of everything was brilliant. Kept in touch all the way .Honestly can’t recommend them highly enough. Thank you so much...
3 months ago
Millie
Excellent service every time!
3 months ago
Kashif
Great service from start to finish from Chris and his team. Looked after us and supported us through the whole process. They went above and beyond to get us the best deals and have been with us through every step in our journey. Can’t thank...
3 months ago
Mr Matthew
Wayne Dewsbury was very helpful from the first meeting. He managed to secure a mortgage at a lower rate than other brokers had offered. The support team were equally helpful in getting everything checked and submitted. Would definitely use UK...
4 months ago
Jake
Great service from initial enquiry through to offer
4 months ago
Jenny
Chris and the team have been absolutely brilliant at helping us understand the process of buying our first home and everything that comes with it! We never had to wait long for answers to any of our questions and felt in safe hands from start to...
4 months ago
Laura
We were first time buyers and have just completed on our house thanks to the brilliant help we received from Jason! We had a lot of questions and Jason was incredibly helpful and understanding, we really couldn't have got through this process...
4 months ago
Joseph
Great service from Tom and the team. Advised me on the best options for me and checked all the documents thoroughly before application to give me the best possible chance of approval. Would recommend.
4 months ago
Anonymous
Quickly got me a great offer.
4 months ago
Jake
Matt was great with us through a long, drawn out process. Flexible hours and always on hand and helpful, despite us going for and losing out on multiple properties. Thoroughly recommend, we have saved money and time through his help.
5 months ago
Carlie
From start to finish, our case was handled impeccably well. Jason and Chloe have been fabulous and I'd absolutely recommend Sheffieldmoneyman to everyone I know. Great communication, quick turnaround and lovely people. We won't be going anywhere...
7 months ago
James
Charlie was brilliant, he kept us informed at every stage. He was even willing to step in and help out when our Estate Agents were applying pressure.
7 months ago
The deposit requirements for a Right to Buy mortgage in Sheffield can vary among lenders. Some lenders may require a deposit, while others may offer mortgages with no deposit or a small deposit requirement.
The Right to Buy scheme itself may allow you to use your discount on the property’s purchase price as part or all of your deposit. It’s essential to check with different lenders and consult with a mortgage advisor to find the most suitable mortgage option for your circumstances.
The mortgage process for a Right to Buy purchase in Sheffield is similar to the process for buying any other property. Throughout our many years of service as dedicated and hardworking mortgage advisors in Sheffield, we’ve come across a great many different and unique council home renters looking to purchase the property they are currently renting, from their local council or housing association.
The method of which they can achieve this is by utilising the Right to Buy Scheme, a scheme introduced by the UK Government that allows doing this to be possible.
Having a conversation with a professional mortgage advisor in Sheffield is essential to discuss your mortgage scenario.
With a wide selection of lenders offering specialised products designed specifically for those utilising the right to buy scheme.
Our committed mortgage advisor in Sheffield will handle the submission of your mortgage application and organize any additional documentation required by the lender.
Alongside finding the most suitable mortgage deal, we are good at assisting those looking for insurance coverage to protect you and your loved ones financially.
From the initial moment of getting in touch, right the way through until your mortgage completes, your dedicated mortgage advisor in Sheffield will be there right beside you, ready to answer all of your mortgage enquiries.
Unlike what customers may experience when speaking to an advisor at a bank or building society, our trusted mortgage advice experts in Sheffield will be able to search through 1000s of mortgage deals for you, ensuring they can find the most appropriate deal for your personal and financial circumstances.
We can also help when it comes to arranging with conveyancing solicitors, giving you a better idea of which survey would be better. If you need any assistance with other additional services, please get in touch with your mortgage advisor and we’ll see how we can help you.
As a mortgage broker in Sheffield that has built up a strong reputation, we will always put in the work and try to help any customers that contact us, including those who are looking to utilise a Right to Buy in Sheffield.
Please do take a read through our genuine customer reviews. They reflect the high standard we hold ourselves to when providing our customers with expert Right to Buy mortgage advice in Sheffield.
Our reputable and determined team will be here to guide our customers any time they need us, all through the week! A Right to Buy in Sheffield can have its challenges, something we aim to help you overcome. We will always be open & honest, working to reduce your stress and allow you relax in preparation of the outcome.
Mortgage advice in Sheffield is available from early until late, every day. No matter what you have going on, there will be someone available at times that best suit you, ready to get you started on your mortgage journey.
The first step you’ll need to take is getting in touch with either the council or housing association that owns your property, often referred to as the “local authority”, and see if you are actually eligible for a Right to Buy in Sheffield. They will make sure you match up against certain criteria, such as living in that same home for 5 years.
Once you have had your eligibility confirmed, the local authority will offer you a certain price to buy the property for, of which you have a given period of time to accept.
Once you have agreed to purchase the property from the local authority at the given price, the exciting part begins. Get in Touch and we’ll get started on your mortgage application process.
If you are considering purchasing the property you’re currently renting through your local authority or housing association, the first step would be to check your eligibility to qualify for a Right to Buy in Sheffield and the amount of discount that will be applied.
Once you have an accurate figure of what you can purchase the property for, you can then contact a Mortgage Advisor in Sheffield, who can check your eligibility for a mortgage. This will include gathering information on your income and expenditure to work out if a mortgage is viable and affordable.
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Sheffieldmoneyman.com & Sheffieldmoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
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Sheffieldmoneyman.com & Sheffieldmoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
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