Right To Buy

Right-to-buy mortgage

The government scheme of right-to-buy started decades back always fulfills the need of buying their council house on affordable rates. The complete procedure is a bit longer, but with the right type of assistance, the situations can always be appropriately managed. Shine Mortgages gives you that assistance and guides you through the home buying process and offers right-to-buy mortgage options from its panel. With 90+ lenders and the expertise of years, we can assure a pleasant experience of borrowing. We not only arrange mortgage deals but also work as the troubleshooters. Our panel of experts suggests ways to remove financial flaws.

What do you need to have to get a right-to-buy mortgage?

There is a list of requirements that you need to fulfil to get the mortgage but do not worry; they all are easy to manage.

Income

Of course, your income is the first thing to come on the dissection table. It is the first and the most critical element to justify your repayment capacity. All types of income that you get needs to presented and mention to the lender.

The income part includes detail on the following aspects –

• Basic monthly salary/earning
• Overtime payments
• Government benefits (if any)
• Pension payments
• Holiday payment
• Bonuses
• Pension payments
• Investments

Every information on the points mentioned above is necessary. More substantial is the income side, better are the mortgage chances.

Expenses

Good income is a strong factor, but if the expenses dominate the earning, there is no use of having a significant size income. This aspect can never go unnoticed because no lender wants a spendthrift applicant.

• Utility bills
• Maintenance charges
• Household expenses
• Expenses on luxury
• Sundry expenses

These are the basic things that are taken into account by the lender to know how efficiently the applicant manages the daily and monthly expenses.

Debts

The total number of debts and the type of debts needs to be mentioned properly.

• Total number of high-interest debts
• Pending debts
• Paid off debts
• If there is any missed payment
• Total amount due as a debt

The debt part can significantly affect your eligibility for the funds. It is always better to manage your debts properly. We always suggest our borrowers stay cautious on this part because decisive factors in finances always have a long-lasting impact.

Credit score performance

This factor includes not only credit score but also the payment record with all details about the credit history. A good credit score is always among the prime concerns for the lenders. The credit score is the first hint that tells them how reliable is the mortgage applicant. In case you do not have a perfect credit score, there is no need to worry. ShineMortgages arranges bad credit right-to-buy mortgage deals without any hidden fee or extra charges. We also suggest the ways of credit score improvement to increase your approval chances and get lower interest rates.

Age of the applicant

Like any other mortgage product, in right-to-buy mortgages, age is an essential factor. One significant condition in the case of such mortgages is, only the occupant can become the prime applicant for the mortgage. This fact makes the age factor extremely important. We get some cases in which the parents want to buy a council house where they are living since long; however, due to the age factor, they face difficulties in getting the desired amount. Do not get disappointed because the funds will get funds, but as we never misguide, you should apply at an early age.

Why choose Shine Mortgages?

We want to mention the most relatable and rational points that can convince you of our utility. To serve to your expectations in the right manner, we try to own every skill and feature that can support your mortgage decisions.

• A vast panel of right to buy mortgage lender that take no upfront fee
• Mortgage options for the bad credit people with the lowest possible rate
• Simplified procedures to make you relax and keep the procedure stress-free
• Get quotes against your query within 15 minutes
• We take care of the documentation process
• Get a timely notification at every stage of your application
• Make rational decisions through our right to buy mortgage calculator
• We bargain with lenders to get you the most affordable mortgage deal
• Backed-up by the experience of 15 years that makes us able to find mortgage options for you
• Our availability is 24x7 and 365 days. We work on bank holidays
• We care for you in every situation, something that we are doing after covid-19

You may develop many more reasons if you get in our contact and take services. We have served to millions of mortgage seekers during our years of experience. With unshakable zeal, we are moving forward while serving uncompromised satisfaction to the fund seekers.

Shine Mortgages endeavours to be the synonym of commitment and dedication. We assure you that your borrowing experience through us will always give the desired results. We aim to solve every concern of the mortgage seekers and arrange budget-friendly deals for your right to buy a council house.