If you are searching to order the fresh new council household your already live from inside the, luckily for us that taking a home loan to shop for the latest assets on council is much easier than just to acquire another residential property.

This is because this new council can occasionally promote offers in order to customers, and can generally speaking give a lot more this new extended the fresh tenant enjoys existed there. It dismiss can try to be a deposit, which could imply you have made good speed.

Always remember one regular activities instance borrowing, income and you will if the house is good non-standard’ structure will affect exactly how much you’re considering.

If you’re an one hundred% LTV (if any deposit) mortgage is not typically easy to get, or something like that provided by really loan providers to have homes, to have an effective 95% LTV proportion, the new candidate would need to ticket tight eligibility standards and you will affordability inspections. This is because your monthly costs would be highest complete, so lenders must make sure as you are able to be able to afford the financing back. (altro…)