We use cookies to give you the best possible experience on our website. If you continue without changing your settings, we'll assume that you're happy to receive all the cookies on our website. However, you can change your cookie settings at any time.

Your Privacy

When you visit any website, it may store or retrieve information on your browser, mostly in the form of cookies. This information might be about you, your preferences or your device and is mostly used to make the site work as you expect it to. The information does not usually directly identify you, but it can give you a more personalised web experience.

Because we respect your right to privacy, you can choose not to allow some types of cookies. Click on the different category headings to find out more and change our default settings. However, blocking some types of cookies may impact your experience of the site and the services we are able to offer.

Strictly Necessary Cookies

(Req)

These cookies are strictly necessary for the Website to work properly and for us to keep it secure. They are needed to allow users to use the Website and its features, including to move between pages of the website.

These cookies are required

Performance and analytical cookies

These cookies allow us to collect certain information about how a user navigates the Website. These cookies collect information that is used either in aggregate form to help us understand how our site is being used or how effective are marketing campaigns are, or to help us personalise our site for you. We use Google analytics and Bing 1st party cookies, DoubleClick 3rd party cookies and Hotjar cookies for reporting purposes.

Cookie Name Purpose More Information
Bing Ads mui(x), _uet(x) Remarketing script and conversion tracking
DoubleClick Cookies _ide, _nid, _sid,
_dsid, _flc,
_aid, _taid
These are 3rd party cookies served by DoubleClick. They serve adverts to visitors based on the websites they've been to previously. Click here for more information about DoubleClick and how to disable this cookie.
Google Analytics _utm(x), _ga(x),
_gid, amp_token
These cookies are used to collect information about how visitors use our website. They keep track of when a visitor enters and leaves the website and any search engines and keywords that are used, including any personal and/or sensitive data. Click here for more information about Google Analytics cookies.
Hotjar _hj(x) These cookies are used to record anonymous videos about how visitors use our website. They keep track of how visitors engage with pages on our website. Click here for more information about Hotjar and how to disable this cookie.

Marketing cookies

These cookies are used to make advertising messages more relevant to you. We may use this data to tailor the marketing and ads you see on our own and other websites and mobile apps, including social media.

Key regions targeted for Right-to-Buy

10 October 2016

We have increased our efforts to serve council and housing association tenants who have the opportunity to buy their properties through the right-to-buy scheme by allocating in excess of £100m of funds for lending to these customers.

Right-to-buy presents the opportunity for council tenants who have lived in their property for three years or more to purchase their properties at reduced prices.

The scheme, which originally applied specifically to council properties, has been extended to housing association tenants in a pilot programme spanning 23 local authorities, for tenants who have lived in the property for 10 years or more.

In addition, those in housing association properties that were transferred over from a council may have a ‘preserved’ right-to-buy, so there are various different options.

We have identified a number of key regions, based on council and housing association stock, where we feel our products could benefit potential customers. These areas include London, Bristol, Birmingham, Liverpool, Manchester, Newcastle and Sheffield.

Chief executive of our retail division, Pete Ball, explains: “The right-to-buy scheme gives council and some housing association tenants the chance of a lifetime; to buy their own home. The discounts available to tenants can be substantial, but aside from the huge benefit in terms of the long-term investment and potential gain, in many cases  we’ve found that the loan repayments are actually less than the previous rent; making the customer immediately better off.

“We are specialists in this market and offer a range of products to suit different needs. We will look at funding properties that many lenders wouldn’t consider; such as high-rise flats, and we’ll also work with those who have a less-than-perfect credit history. This is very much our niche; providing a service for a market that is being underserved by other lenders, and adopting a common sense approach, whilst always ensuring our customers’ loans are affordable.”

We offer a range of right-to-buy mortgages, based on both capital repayment and interest-only, with many income sources accepted; including employed, self-employed, DWP benefits and pensions. Loan amounts range from £3k to £200k, with loan-to-values of up to 60%.

Find out more about right-to-buy.


Share

Pete Ball
Build: 1.3.7.23312