Right to buy MortgageThe right to purchase a mortgage
It is a good suggestion to do this as early as possible before you get too far into the right to buy trial.
It is your responsibility how you fund the purchase of your house - your lessor cannot organise this for you. Read our information on mortgage loans for further assistance or get in touch with one of our Right to Purchase advisors who can provide assistance and inform you about possible charges and purchase choices.
Consider all the expenses, not just the repayment of mortgages. If you have extra expenses and responsibility that you may not have as a lessee, such as repair and upkeep. Don't neglect the general cost of life when you find out what you can afford to pay (food, bills, etc.). Don't neglect to consider the one-time expenses - such as postage tax, a poll and legal expenses.
Perhaps you will find our check list useful to compare the cost as a house owner and renter, to help you determine your personal cost when you buy, and other things you should think about. If you become a house owner, you are not entitled to rent allowance. If something happens to you while you are repaying your mortgage or credit, you may want to take out personal security or have your own personal pension plan (some creditors may need to).
If you don't keep up with your mortgage or credit repayments, your home could be in danger. Though you may not need a mortgage yourself, make sure that the mortgage providers are willing to give mortgage advances or mortgage on the kind of home or apartment that you are purchasing. So if you want to start selling in the near term, those who are interested in purchasing your home may need a mortgage.
Be sure to always review the cost in advance before you sign anything. On this website you will find a number of useful utilities to help you find out if your purchase is right for you. Now you can begin with the convenient Right to Buy Calculator, which will help you figure out the rebate you can get. Feel free to browse and browse our free Purchasing Right Handbook, which contains the most important information you need to get going and think.