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Right to Buy - CCC Financial
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Right to Buy - Mortgage
This scheme, introduced in 1980, gives people who have been secure tenants of council or other public sector landlords for at least two years the right to buy their homes at a discount. The discount varies on the type of property, its location, its value and the length of tenancy.
Tenants considering Right to Buy should ask their landlord for a copy of the booklet Your Right to Buy Your Home which takes them through all steps of the process.
They do not need to appoint a third party to apply for a mortgage or to apply for and complete the Right to Buy application form. Tenants can do both themselves.
Impartial advice and practical help on Right to Buy and making an application is available free of charge from local council housing departments, housing advice centres and Citizens Advice Bureaux.
What is Right To Buy
Right to Buy (RTB): This is when a tenant living in a council-owned property purchases it at a discount, the size of which depends on the length of their tenancy.
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EARLY REDEMPTION PENALTY
If you have taken advantage of a special mortgage product like those mentioned above, the lender may require you to keep your mortgage with them for a period beyond the date the special interest rate ends.
They may charge a penalty if you were to redeem part or all of your mortgage within that time period. Your enclosed mortgage illustration will detail any Early Redemption Penalties relating to the product quoted.
Equity Release
The solution for homeowners over the age of 60 who want to release some of the equity that they have built up in their properties to enhance their lifestyle in retirement.
The lender is a member of Safe Home Income Plans (SHIP),which offers a number of safeguards, including a "No negative equity guarantee" which ensures that the most applicants (or estate) will ever owe is the value of the property.
The loan is at a fixed rate for the duration of the mortgage term. Lump sum drawdown and further loan facilities are available. Portability options are available, subject to criteria Generous loan to values available Loan is not payable until the death of the (surviving) applicant, when they move into long-term care or the property ceases to be the main residence. No monthly repayments are required.
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then look no further... CCC Financial.
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