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Right to Buy and Right to Acquire

If you’ve lived at your council or Housing Association house for some time, you may be offered the opportunity to purchase the property at a discounted price.  If that’s you, then you’ve come to the right place!

At esbs, we’ve helped many tenants become homeowners with a specialist mortgage on the Government-backed Right to Buy and Right to Acquire schemes.

You may not need a deposit as we can consider lending up to 100% of the discounted purchase price, provided that this is no more than 90% of the open market valuation. And we can even help with home improvements that you may wish to make, again providing the loan is no more than 90% of the open market valuation.

Please note, however, that to qualify for a mortgage on these scheme, the property must be a house, and the house must be of standard construction.

We know how important your home is to you and that you need the process to be as disruption-free as possible.  So, trust our team to understand your individual needs, helping you through the process step by step.

PRODUCT DISCOUNTED
FOR
STANDARD
VARIABLE
RATE (SVR)
INITIAL RATE
PAYABLE
APRC EARLY
REPAYMENT
CHARGE PERIOD
MAX
LTV (Based on open market value)
BOOKING/ ARRANGEMENT FEE
First Time Buyers Discount Mortgage SVR less 2.25% 5 Years 5.24% 2.99%
(Collar 2.5%)
4.5% 5 Years 95% £125 – Upfront Booking Fee
No Early Repayment Charge SVR Mortgage N/A 5.24% 5.24%
(Collar 2.5%)
5.5% N/A 75% £125 – Upfront Booking Fee Arrangement Fee 1%
Stepped 5 Year Discount from SVR Mortgage as follows 1.85% Yrs 1, 2 and 3 2.25% Yrs 4 and 5 5 YEARS 5.24% 3.39% Yrs 1,
2 and 3 2.99%
Yrs 4 and 5
(Collar 2.5%)
4.6% 3 Years 75% £125 – Upfront Booking Fee £1,100 Arrangement Fee
Discount Mortgage SVR less 2.25% for 5 years 5 YEARS 5.24% 2.99%
(Collar 2.5%)
4.5% 5 years 75% £125 – Upfront Booking Fee £1,100 Arrangement Fee
Discount Mortgage SVR less 1.95% for 5 years 5 YEARS 5.24% 3.29%
(Collar 2.5%)
4.6% 5 years 75% £125 – Upfront Booking Fee £699 Arrangement Fee
Discount Mortgage SVR less 1.65% for 5 years 5 years 5.24% 3.59%
(Collar 2.5%)
4.8% 2 years 75% £125 – Upfront Booking Fee £699 Arrangement Fee
Discount Mortgage SVR less 1.45% for 5 years 5 years 5.24% 3.79%
(Collar 2.5%)
4.8% 5 Years 90% £125 – Upfront Booking Fee £599 Arrangement Fee
Discount Mortgage SVR less 1.00% for 5 years 5 Years 5.24% 4.24%
(Collar 2.5%)
5.0% 3 Years 90% £125 – Upfront Booking Fee £599 Arrangement Fee
Standard Variable Rate Mortgage N/A 5.24% 5.24%
(Collar 2.5%)
5.4% 2 years 90% £125 – Upfront Booking Fee £399 Arrangement Fee
Newly Qualified Associate Dentists – Stepped 5 Year Discount from SVR Mortgage as follows 2.00% Yrs 1 and 2 1.50% Yrs 3, 4 and 5 5 YEARS 5.24% 3.24% Yrs 1
and 2, 3.74%
Yrs 3, 4 and 5
(Collar 2.5%)
4.7% 5 years 90% £125 – Upfront Booking Fee

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

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