Right to Buy in Cardiff | Right to Buy Mortgage Advice in Cardiff

Right to Buy Mortgage Advice in Cardiff

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What is a Right to Buy in Cardiff?

The Right to Buy Scheme is a government ran scheme that allows home renters who are eligible across England to purchase their property from their local authority (typically the local council or housing association) for a fraction of the value. The amount of discount depends on the length of time that you’ve been renting your property for.


If you have been a local authority property renter for at least 3 years (this doesn’t necessarily have to be consecutive), you could be eligible for using the government Right to Buy Scheme as a means of getting onto the property ladder.


When you are looking at your options for purchasing your home utilising a Right to Buy in Cardiff, your home will be valued at the full market price, with your discount from the government applied to that purchase price.

Purchase Your Council House Under a Right to Buy in Cardiff

As open & honest mortgage advisors in Cardiff, we always work hard to help those who contact us. Making use of over two decades of both knowledge and experience within the world of mortgages, we aim to provide top quality Right to Buy Mortgage Advice in Cardiff.


Generally speaking, we find that because the renter will be receiving a sizable discount on their home purchase, they often won’t require a deposit. This isn’t always the case, though it has been something that we have come across in the past.


The homebuyers discount that is applied will be determined due to various factors, such as how long you have been renting within the public sector, the type of property that you are looking to purchase, and how much the property is actually worth.


If you have used a Right to Buy in Cardiff at some point previously, the discount that is applied to the purchase price may be lower than it otherwise would’ve been. You may also have other potential options available to you, as a means of making the necessary funds for home improvements.

How does the process of a Right to Buy in Cardiff work?

First of all, in order to access a Right to Buy in Cardiff, you will need to find out if you are eligible and to request an application form for the scheme from the local authority. Once they have received this from you, they will let you know what the purchase price is and how much discount will be applied. You will have a limited amount of time in which you can accept their offer.


Our dedicated team will be here to help you all throughout your mortgage and beyond, advising on solicitors and property surveys when is appropriate to do so. As part of your initial free initial mortgage appointment with one of our mortgage advisors in Cardiff, we’ll be able to help you figure out what the costs are and which products are best for you.

How does it work? Get a quote nowMeet your advisor

We search 1000s of mortgage deals across a large number of lenders, including:

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What steps do I need to take to get a Right to Buy in Cardiff?

Throughout our many years of work as open & honest Mortgage Advisors in Cardiff, we have helped countless housing association or council home renters in purchasing their current rental property, taking that step onto the property ladder.


They are able to achieve this by making use of a Right to Buy in Cardiff, which was introduced by the government. Below we have compiled the steps you need to take in order to get a Right to Buy in Cardiff.

Checking Eligibility

First of all, before anything else, you need to contact the local housing association or council (whoever owns the property). This is generally referred to as the local authority by people within the mortgage world.


The reason you’ll need to do this, is so you can see if you qualify for taking out a Right to Buy in Cardiff. This local authority will make sure that you meet the criteria for the Right to Buy Scheme.

Purchase Price

Once you have confirmed your eligibility for the scheme, the local authority will present you with an offer of the property purchase price. You will have a specific amount of time of which you can accept this offer.

Start Your Application

Now that you have agreed to buy your rental home from the local authority, at the offered price, it’s time for the best part of your process! Book your free mortgage appointment and we will get started on your mortgage process!

Useful Tips from a Mortgage Broker in Cardiff

If you are considering purchasing your current rental from the local authority, definitely make sure that you’re eligible first and find out the property purchase price discount.


Once you have determined the amount that you will be purchasing the property for, your next step will be to get in touch with a Mortgage Advisor in Cardiff, who will be able to find a suitable deal for you based on the criteria that you are matched up with.


This process will include learning more about the amount of money you make and what your spending habits are like, so that they can determine whether or not you are able to afford to take out a mortgage.

Speak With an Expert Mortgage Advisor For a Right to Buy in Cardiff

As a mortgage broker in Cardiff that works hard to provide top quality mortgage advice, we will always do anything that we can to help our customers to achieve mortgage success. This includes helping out those who are looking to make use a Right to Buy in Cardiff.


Your dedicated and trusted mortgage advisor in Cardiff will support and guide you, from your first point of contact, right the way through until completion. They will always remain on hand to answer all of your mortgage questions.


Unlike the mortgage advisors you would speak to at a bank or building society, our expert mortgage advisors in Cardiff are able to take a look through 1000s of mortgage deals that on your behalf, finding the best one that suits you for your circumstances.


We can also help you out with making arrangements on conveyancing solicitors, advising on the best survey for you to take. If you need help with anything else, please contact your mortgage advisor and they’ll do their best to help you out.


Our team will always be available to help those who need mortgage advice in Cardiff, every day of the week! The process of obtaining a mortgage for a Right to Buy in Cardiff can often be challenging. Worry not, as we will work hard to help you overcome any hurdles and be free from stress.


Mortgage advice in Cardiff is available from early until late, every weekday and even on weekends. No matter how busy life gets for you, there will be someone ready to answer your questions at times that best suit you, subject to availability.


Take a look at our genuine customer reviews whilst you’re here. They are a true reflection of the levels of service we provide, and we’re very proud of the hard work we put into helping home buyers and homeowners alike to achieve their mortgage goals.

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Common mortgage

Your free initial mortgage consultation will last around 30-60 minutes. During your consultation, you will get to speak with your dedicated Mortgage Advisor in Cardiff. Their job will be to get a better understanding of your mortgage needs and situation so that they can search for the perfect mortgage deal for your personal and financial situation.

It can still be possible to get a mortgage, even with bad credit problems in the past. Even though it may be a little harder, it isn’t impossible!

You may have to put down a higher deposit if you have bad credit, this could be 10%-15%.

Your first job is to carry out our mortgage Fact Find so that we can get an idea of your mortgage needs and what sort of deals you want to be looking for.

Afterwards, we will book you in with a Mortgage Advisor in Cardiff who will get a couple more pieces of information from you.

Then we can arrrange an Agreement in Principle for you within 24-hours to increase the chances of the seller accepting your offer.

If you’ve found yoru dream home, and are happy with our mortgage recommendation, we can start the mortgage application process! A formal mortgage offer can take longer than 3 weeks, during which, we will keep you informed with the progress of your application.

As a Mortgage Broker in Cardiff, we recommend that our applicants obtain an Agreement in Principle (AIP) as soon as possible. Having an AIP whilst you’re viewing properties can increase your chances of being accepted by the seller. It may also allow an opportunity for price negotiation.

Once you have an Agreement in Principle (AIP) in place, it should last between 30-90 days. If your AIP expires, you can easily renew it by getting back in touch with your Mortgage Advisor in Cardiff.

First of all, your free mortgage consultation should last around 30-60 minutes. Once this is complete, your Mortgage Advisor in Cardiff will obtain an Agreement in Principle for you within 24-hours. Then, if you are happy to proceed with the deal that your advisor has recommended, we can submit your mortgage application. A formal mortgage offer can take on average around 3 weeks to return.

During your mortgage application, you’ll be asked to provide evidencing documents:

– Latest 3 Payslips (Employed), Last 2 years’ Accounts (Self-Employed)
– Latest 3 Months’ Bank Statements
– Latest P60
– Photographic ID

During your mortgage application in Cardiff, if you’re Self-Employed, you’ll need to submit at least one year’s accounts. As a Mortgage Broker in Cardiff, we’ve found that most lenders use your salary plus dividend to calculate the maximum mortgage amount that you can borrow. Although, some lenders may choose to go off your net profit.

Depending on why you want to get a second mortgage, it may be easier to get one than not.

There are various reasons why someone may want a second mortgage, for example:

– Buy to Let
– Debt Consolidation
– Home Improvements
– Second Home
– Marital / Relationship Breakdown

It’s likely that you’ll be given a council discount on your Right to Buy; as a Mortgage Broker in Cardiff, we’ve found that most lenders will use this as your deposit.

However, we’ve also seen that some lenders will still require a deposit for your Right to Buy mortgage on top of the discount. If you’ve had a poor credit history, lenders are likely to use this approach.

We make it so easy!
Our 4 step process

Step 1

Contact the council for an application form and check your eligibility for the scheme.

Step 2

You'll receive a purchase price and from there we can take some initial details and book you in with a Mortgage Advisor in Cardiff.

Step 3

From there your dedicated advisor will work by your side, ensuring the process goes smoothly.

Step 4

We’ll try to find you the most appropriate mortgage deal. We’ll be there to support you, right through to completion.

A telephone call where we can take some initial details and find out about your plan of action.

Enjoy finding a property!

Make an offer on the property you set your heart on – we’ll finalise your figures and help you to get a good deal.

Our mortgage recommendation. We’ll try to find you the best mortgage deal. We’ll be there to support you, right through to you getting your keys.

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Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk

The information contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.
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