Right to Buy Under the 1981 Housing Act tenants living in Local Authority or Housing Association property have the right to purchase their home. Specific conditions relating to the right to buy scheme apply but in general a secure tenant who has been living in their home and paying rent for more than two years has the right to buy the property. Raising a Right to Buy mortgage is usually a straightforward process; there are a number of options available from lenders. Taking into account your needs and outgoings the Capital Solutions mortgage team will supply you with comparisons and information on the mortgage that is likely to best suit your situation. Shared Ownership The shared ownership is a scheme designed for people who can not afford to purchase their own homes outright, often suitable for key workers such as Doctors, Nurses, Fire-fighters etc. By purchasing part of a property and paying rent to a Housing Association or Local Authority who will own the other part, people are able to get on the property ladder. As well as the mortgage for your share of the property (usually 50%, but can be higher or lower), you will also have a lease agreement with your social landlord for the part on which you pay rent. Adverse Credit Mortgages A person with a County Court Judgment (CCJ), been made subject to a Individual Voluntary Arrangement (IVA), declared bankrupt or defaulted on loans or other repayments will have an Adverse Credit Rating. An Adverse Credit Rating is not a bar to having a mortgage or re-mortgaging an existing property, many lenders are now prepared to offer mortgages to discharged bankrupts and those with CCJs, IVAs or defaults. Usually these mortgages attract higher interest rates however the choice of options is now greater and more competitive. The Capital Solutions mortgage team search the mortgage market place to find you a competitive and suitable solution. Auction Properties Increasing in popularity is the purchase or property at auction. For many, in particular the buy to let investor, this offers the speed and certainty required in their business operations. The growth in this area of business has enabled the mortgage team at Capital Solutions to become specialists in offering tailored financial packages for those purchasing properties at auction. Offset Mortgages Offset mortgages make use of the money in your savings and current account to save you money on your mortgage. What this means is the more you have in these account the less you pay out in mortgage interest. This type of mortgage is not for everyone, they are complicated to calculate, many factors relating to your circumstances have to be taken into account. However they can be combined with other types of mortgage such as tracker or fixed rate and are available to people who want to re-mortgage. Homeowner Loans Homeowner Loans allow you to release money tied up in your property and can be used for any purpose - debt consolidation, home improvements etc. All loans are secured on the value of your property. If you are paying a mortgage the Homeowner lender will have a 'second charge' on your property, the 'first charge' will be held by your mortgage company. Available to employed and self-employed including those with CCJs, defaults and a history of arrears.