No Deposit - 100% Mortgages available for Right to Buy purchases
In the early 1980s, the market for Right-to-Buy purchases was up to 160,000 a year.
However, the numbers fell rapidly after the financial crisis in 2008 and by 2010-2011 the total had fallen to around 4,000.
In 2012, the government set out plans to reinvigorate the Scheme.
Discounts of up to £100,000 available
The maximum discount available (which some local councils had capped at £16,000) has been raised to £75,000, or £100,000 if you live in a London borough
(click here to check the list of London Boroughs affected by the increased discount cap).
The size of discount offered will be based on the length of the tenancy, the type of property and its value.
Housing minister Mark Prisk said he was delighted that more people were "seizing the opportunity" offered by right-to-buy. "As a government, we are determined to ensure that whoever you are - whether a prospective first-time buyer, an existing homeowner or a social tenant - if you work hard and want to get on, we will support you."
FREE INITIAL ADVICE - CALL 0333 321 9550
We will do all the paperwork
Having operated in this specialist market for many years, we at Yes Financial understand the needs of our clients. This means that we strive to take away the stress of the home buying process and all our mortgages are conducted in the privacy of your own home.
An initial questionnaire is normally conducted by telephone although we will visit you for this too if you wish. From the information gained we will source the most suitable mortgage from the whole market and present our recommendations face to face at a time to suit you. It is important that you understand the full benefits and implications and we will not process your application unless you are happy to go ahead.
Attention to detail is what makes Yes Financial arguably the UK's leading Right to Buy (RTB) mortgage intermediary.
Buy now while you still can - this may be your last opportunity
Government schemes can come and go. A change of government may bring the current Right to Buy scheme to a close or the terms may be amended which might not suit everyone.
Unless new social housing is built at the same rate that homes are being sold, then the availability of decent properties will dwindle.
Perhaps the most important factor for individuals is how much longer you have until retirement because, unless you have good private pension provision, you may find it difficult to keep up the mortgage repayments when you stop working.
Some people plan to work until they're 70 or over but this assumes they will remain fit and healthy, and their employer is happy to allow them to continue working.
SO, THINK CAREFULLY ABOUT WHETHER OR NOT YOU WISH TO BECOME A HOMEOWNER AND STOP PAYING 'DEAD MONEY' IN RENT
THIS COULD BE A GOLDEN OPPORTUNITY FOR YOU TO BUY YOUR OWN HOME AT A SUBSTANTIALLY DISCOUNTED PRICE AND DEVELOP AN ASSET YOU CAN LEAVE FOR FUTURE GENERATIONS
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