Council House Purchases
- Whether you pay full rent, some rent or no rent
- Whether you are young or old
- Whether you are working or not
- Even if you are on income support
NO DEPOSIT REQUIRED
NO LIFE POLICY NEEDED
100% MORTGAGES AVAILABLE
ALL COSTS ADDED TO MORTGAGE
It's no bother - we do it all from start to finish! You are never too old to buy your council house!NO LIFE POLICY NEEDED
100% MORTGAGES AVAILABLE
ALL COSTS ADDED TO MORTGAGE
If we can help someone at 96 buy their Council house with a mortgage and get all the interest paid by the DSS, think what we could do for you or your relatives.
DON'T PUT IT OFF! Just contact us now for:
- a free valuation of your house
- a calculation of your discount
- the probable purchase price
- whether you can get a mortgage
- how much it will cost
- whether you are likely to get DSS assistance
We have been carrying out local authority right to buy or council house purchase transactions for over 20 years and we presently help over 600 people a year to buy.
If you have been a Council or Scottish Homes tenant for at least 2 years, you have the right to buy. It's not really difficult. And it's not expensive.
- If you are a tenant of a HOUSE then you are entitled to a basic discount of 30% off the price plus another 1% for each year of your tenancy, up to a maximum 60% off the price once you have been a tenant for 30 years. So your discount could be anything from 32% right up the maximum of 60%.
- If you rent a FLAT (which includes a four in a block) then the discount is even higher. You are entitled to a basic discount of 40% off the price, plus a further 2% for each year of your tenancy, up to a maximum of 70% off the price after just 15 years tenancy. Accordingly your discount goes from 44% right up to 70%.
- You may think that you can't afford to buy, but why not find out. There is normally no cash outlay required. We can normally arrange a loan without difficulty, whether you are working or not, whether you are old or young, and often even if you are on Income Support. We can often add all of the legal and survey costs on to your loan and for many people the loan will cost less than their rent. As independent mortgage brokers, we also ensure that you get a good deal on your mortgage, including a first time buyer's package.
- We do the whole job from start to finish and we do it for a fixed fee. We will advise whether in your particular circumstances we think you should go ahead or not. We will complete and lodge the application form with your landlord, arrange the survey, arrange the buildings insurance, attend to the conveyancing and arrange your mortgage. If we think that DSS assistance might be available, we will also arrange that for you. You don't have to go to the DSS office as we do it all for you. We can even do a Welfare Benefits check on our computer to find out in advance whether you are likely to get help from the DSS.
- Some people think they are too old to buy, but you're never too old to buy with McClures. If we can help someone at 96 buy her Council house with a mortgage and get the interest paid by the DSS, just think what we could do for you.
- Some people are not able to come to the office, and therefore think that there would be a problem. Well there's not. If it is not convenient for you to come to us, then we can usually arrange a home visit and come to you.
- Surprisingly often people seem to worry about their family falling out over the house after they die. Well that's not a problem either. When we buy your house for you, we always make a will for you and that sets out clearly who is to inherit the house when you die. You can change your mind at any time, but your Will is confidential and therefore no-one needs to know what's in it. Although children can claim a share of your estate when you die, even if they are not in your Will, that does not apply to your house and accordingly whatever you put in your Will is what will happen at the end of the day. Remember buying your house gives you a substantial asset to leave to your family at the end of the day.
- Sometimes people decide not to buy because they have no-one to leave it to. However, even then you should still buy as owning your house can be a source of additional cash or additional income to you in your old age. You might, for instance, go into sheltered housing and be able to sell your Council house, repay your mortgage and retain perhaps £30,000, so that you will be better looked after in your old age. In this world you always get looked after better if you have money behind you and buying your house will ensure that you do have money behind you.
- Sometimes people decide not to buy because they think they might want to move in the future. Well, it's actually the other way round. If you apply to your landlord for a move, it would normally be years before you were offered a suitable house, particularly since more and more decent Council houses are being bought every year. However, if you buy your Council house then you try not to sell it within the first 3 years, otherwise some of the discount will be repayable, but at the end of the 3 year period, you are free to sell that and move wherever you want.
- Sometimes people don't buy because they think they won't get life cover. Well that doesn't matter. Although having life cover can often be a good idea, it is always an optional extra and you certainly don't need any form of life cover to buy your Council house.
- Usually the main reason why people don't buy is that they are simply frightened to take the first step. Well, you don't need to be worried with us. If we do not think that buying your house is right for you, we will certainly tell you at the outset. We will make it easy for you all the way through. We do everything from start to finish and we will explain it to you in simple terms as we go along. And even after you have bought, you can come back to us if you have any queries or problems.
- By law, we have to advise you that your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it, but remember it's your home, it's your right to buy...