Right To Buy Mortgage Bristol

[elijahsnanny]

I am trying to buy my council flat under the Right To Buy scheme and have hit a brick wall with my mortgage-the surveyor made comments about the "saleability" and "locality" of my property. There is a new development being built next door-so there is a building site next door at the minute-but those flats will be sold for a lot more than I am paying! Has anyone recently secured a mortgage on an ugly council flat? If so, with whom? Halifax and Nationwide have already said no.

[buggerthebotox]

I'd try an independent mortgage adviser.

[Si1ver]

Me too. I've got a good one just of Whiteladies Road. There's a fee, but they're excellent. Happy to pm details if you're interested.

[tenorladybeaker]

Be very cautious about flats on right-to-buy. I once looked at buying a flat in bristol (didn't go ahead) where the owner had bought on right-to-buy and then a few years later the council decided the whole block needed a massive refurbishment and was charging the rtb owners £20,000 each as their share, and they could do nothing about it. Basically ruined them.

Your right to buy is portable, so perhaps get yourself on council swap lists and find someone who will swap with you where the other property doesn't have these problems, then exercise right-to-buy on the new property.

[elijahsnanny]

We've just had a new roof and I already have double glazing and a new boiler, so I'm not too worried. Thanks for the advice though.

[elijahsnanny]

I've got a broker, but he hasn't managed to find me a good deal yet!