Does Right to Buy in Sunderland still exist?

Despite the fact that the scheme was introduced in the 1980s, Right to Buy is still available for homebuyers. The scheme has changed a fair bit over the years, with an increasing number of local authority areas now allowing tenants to purchase their council property. It is not available in every part of the country, so be cautious when applying for a Right to Buy mortgage in Sunderland and make sure that you are eligible in your area. As a mortgage broker in Sunderland, we are able to assist you on your Right to Buy journey and make sure that you match the scheme’s requirements. You want to make sure that your application looks the best that it can do in front of a lender.

Do I need a deposit for a Right to Buy mortgage in Sunderland?

There may be some cases where you do not need a deposit for your Right to Buy mortgage, and this is due to the Right to Buy discount. Not all local authorities will let you use this, so you may need to provide a deposit for your property.

Can my children buy my council home for me with a Right to Buy in Sunderland?

Technically, yes, it is possible for any family member to buy the council house you live in for you through Right to Buy in Sunderland. Although, the family member has to have been attached to the lease for at least 1 year. If you are married or have a civil partner and you live with them, the lease can also be transferred to them as long as they definitely live with you.

Right to Buy Mortgage Advice in Sunderland

What is Right to Buy in Sunderland?

If you are currently living in a council house and named on the tenancy agreement, you may qualify for the right to purchase your current rental property from the local authority (typically council or housing association) at a discounted price. Usually you’ll find that due to the purchase price being discounted, no deposit will be required (though this isn’t a guaranteed perk).

Providing that you have spent at least 3 years (not always continuous) renting from a local authority and are secure tenants of a council or housing association owned property, you may find yourself qualifying for the government Right to Buy Scheme. When purchasing a property via Right to Buy, the property will be valued at the full market price with the government discount applied before the purchase is made.

Right to Buy Mortgage Advice in Sunderland

How is the Right to Buy discount worked out?

The percentage of the property price that will be used as a discount would entirely depend on varying factors, such as where it is you live and are looking to buy, as well as the length of time you’ve been a council tenant.

One of the things that is seen as a major advantage of Right to Buy is that because you are utilising an applied discount, there is often existing equity in the house already. How much equity, like the discount, will also be dependant on various factors. These include how much your discount is and how much the property you’re looking to buy is actually worth.

Generally speaking, we find that those who are looking to use the Right to Buy Scheme are first time buyers in Sunderland. As a mortgage broker in Sunderland, our job is to help you through your mortgage process and we love what we do! We will be here throughout every step of the mortgage process, starting with your initial enquiry, all the way through to your completion.

Capital raising options for home improvements, such as a new conservatory, windows or extension are also available with some of the mortgage lenders we have on panel.

How much can I borrow for a Right to Buy mortgage in Sunderland?

The amount that you can borrow for your Right to Buy mortgage in Sunderland is calculated through your income, expenditure and overall affordability.

Your credit score will also be checked, so it is important to check your score and try and get it the best that it can be before applying for a Right to Buy.

Our mortgage advisors in Sunderland will work out how much you need to borrow for your right to buy mortgage during your free initial mortgage appointment.

Simply book your free initial mortgage appointment online or give us a call.

Speak to an Advisor

Important information

Your home may be repossessed if you do not keep up repayments on your mortgage.

There may be a fee for mortgage advice. The fee is up to 1% but a typical fee is £495.

FAQs for Right to Buy in Sunderland

Our Customers Love Us

5.00 Rating14 Reviews

Danielle

Charlie Bryson was my mortgagee advisor and couldn’t have been more helpful. I am a first time buyer and had zero knowledge of what obtaining a mortgage entailed. Charlie’s advice and delivery of every stage of the process was second to none. I...

3 months ago

Georgia

Our mortgage advisor Charlie Bryson has been amazing with me and Ethan. He has helped us with everything and made sure we are doing everything correctly as we are both first time buyers.

2 years ago

Jordan

Helen was very helpful on the call to re arrange a call back to speak about our mortgage. Very pleasant phone call

3 years ago

Diane

This has been a fantastic service from the initial enquiry to getting the mortgage offer through, everything explained in detail and nothing was a problem, very helpful and professional staff. Would highly recommend using this company to anyone

3 years ago

Martin

Great team and great service. Always happy to help and they make the process easy to understand. They got me a deal I was happy with then got me a better one.

3 years ago

Paul

Spoke to Dale Hunter a few times today. Polite, professional and happy to answer any questions. Over the moon with the service received.

4 years ago

Anonymous

Our advisor was Jason Loft and all I can say is he was amazing and very polite and so was all of his team. Me and my partner are first time buyers so were quite apprehensive about the whole process. However Jason and his team gave us all the...

4 years ago

Anonymous

With the help from Jason and Laura, our mortgage process went very smoothly. As first time buyers we had many questions which they were on hand to answer promptly. Would highly recommend!!

4 years ago

Anonymous

Listened to my every need. Very polite and helpful. Spoke well and clearly understood what was being said and great advice. Thanks

5 years ago

Anna

From start to finish, the service was great. Everything was explained clearly, every little adjustment and query I asked for was expertly dealt with by Leo, who gave me new info and examples of our mortgage requests. Process was very easy to...

6 years ago

Anonymous

Very quick response from the first time I contacted them. Both Cathy and Leanne were great at keeping us informed throughout the process and always responded to our emails within a couple of hours, often less. They understood the stresses and...

6 years ago

Sofia

As a first time buyer I was pretty clueless as to what was needed and when to buy a house. The brokers at Sunderland moneyman made it very easy for me and guided me through the whole process. I’d defiantly give them a recommendation. Thank you...

6 years ago

Leon

I am a First Time Buyer and before I contacted Sunderland Moneyman I didn’t have a clue about mortgages or whether I would even qualify for one. My Advisor (Wayne) came across like he really cared and he was always on the end of the phone to...

6 years ago

Karen

Jason and his team gave an outstanding service. They were reassuring, consistent and were always on hand to give advice and support when necessary. I will be using their service again when my fixed rate ends in 2 years time. Thank you again...

6 years ago

Our Simple Mortgage Process

Confirm Your Right to Buy Eligibility

Discuss your current Right to Buy situation with a mortgage advisor in Sunderland.

You can talk to a mortgage advisor in Sunderland during your free initial mortgage appointment and see whether you are eligible for the scheme.

Submit Your Right to Buy Application

If you are eligible for the Right to Buy scheme, your mortgage advisor in Sunderland will help you with your application.

Once you submit your Right to Buy application, all that is left to do is to wait for an offer!

Submit Your Mortgage Application

If you have received an offer and are happy to purchase the property at that amount, you can continue to the next step – finding a mortgage product!

Our advisors will help you find an appropriate mortgage for your personal and financial situation. If you are happy to continue with this mortgage product, we can submit your Right to Buy mortgage application!

Protecting You and Your Mortgage

Our 5-star service doesn’t stop there. As well as securing you a mortgage product that is tailored to you, we will also try and find you the most relevant insurance products to take out alongside your new mortgage. We want to make sure that you and your family are protected in the future.

We will also be back in touch when your Right to Buy mortgage needs renewing and you need to remortgage. This is all part of the Sunderlandmoneyman service.

Reasons to Choose Us

5-Star Service

As a long-standing and well-respected mortgage broker in Sunderland, we always aim to help every person that reaches out to us. We encourage you to give us a call, send us a message or book an appointment online if you are looking at your Right to Buy options.

Dedicated Case Manager

From the very first time that you get in touch with us, all the way through to the completion of your mortgage, your dedicated mortgage advisor in Sunderland will be alongside you, ready to answer all of your mortgage queries and concerns.

1000s of Mortgage Deals

Unlike what would occur when you go and speak with an advisor at a bank or building society, our team of mortgage experts in Sunderland have the ability to search through 1000s of mortgage deals on your behalf, working hard to try and find the most suitable deal that is available, based on your personal and financial circumstances.

We also have the ability to provide assistance when it comes to dealing with conveyancing solicitors, helping you to decide on which survey would be the most suitable option to go forward with. If you require any help with other additional services, please do not hesitate to ask your mortgage advisor and we’ll see if there’s anything we can do to help you.

7 Days a Week

Our loyal and dedicated team will be here to provide help and guidance to you anytime you need us, every single day of the week! The Right to Buy process isn’t always easy and we will aim to help you over any hurdles you face. It’s our goal to be open & honest and take away your stress, making you feel relaxed and excited for the eventual outcome.

Mortgage advice in Sunderland is available in the morning, afternoon, evening or weekend. Whichever time slot fits in with your work schedule, family schedule or anything else, we will have someone ready to speak to you as soon as they possibly can. No matter what, it’s the same service either way!