Council Right to Buy UKTHE MOST VISITED RIGHT TO BUY SITE ON THE INTERNET!
|
|
| Council right to buy home page | 50+ pages of council right to buy information | Council right to buy questions and answers | Council right to buy mortgage calculator |
COUNCIL RIGHT TO BUY: Your Right to Buy your homeCouncil Right to Buy: Who has the Right to Buy?(Who has the Right to Buy? continued)
Preserved Right to BuyIf you are an assured tenant of a registered social landlord, such as a housing association, in normal circumstances you do not have the Right to Buy (although you may have the right to buy your home under another scheme - ask your landlord if you are unsure).However, if you were previously a secure tenant of a local authority and you became an assured tenant because ownership of your home was transferred to a registered social landlord, you may have what is known as the 'Preserved Right to Buy'. This only applies if you were living in your home at the date on which it was transferred. It can also apply if you then move to another property owned by the new landlord. But it does not apply if you move to a property owned by a different landlord. The Preserved Right to Buy operates in a similar way to the normal Right to Buy. However, the cost floor ( reduces the discount available to take account of the cost of works previously done on the property by the landlord) includes works carried out over a longer period (15-16 years) and may include acquisition and build costs. Also, you cannot buy your home through the Rent to Mortgage scheme (see below) if you have a 'Preserved Right to Buy'.
© Crown Copyright (Correct at time of writing January 2005. Please check with your financial services provider for any changes.) Council Right to Buy Mortgage SearchAre you looking for a competitive council right to buy mortgage?Council Right to Buy UK will put you in touch with a broker who's aim is to help you find a range of mortgages and competitive interest rates which will help you decide on the most appropriate mortgage available. Bad credit? If you have CCJs, defaults, mortgage or rent arrears - we have access to specialist brokers to help you! Enquire about a council right to buy mortgage now. Please complete the quick, private NO OBLIGATION form below.
|
||||