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To get a Right to Acquire mortgage, you may or may not need a deposit. This largely depends on the value of your home, the discount you're receiving and the lender you've applied with. Lenders that recognise the discount may allow you to use it in place of the deposit but not all lenders will allow for this.
How do I claim Right to Buy?
Step-by-step guide to the Right to Buy process Step one - Complete an application form. ... Step two - Get acceptance or refusal of your application. ... Step three - Have your property valued and get a formal offer. ... Step four - Refuse or accept our offer. ... Step five - Go through the conveyancing process.
How long does Right to Buy take to complete?
Your landlord usually has up to 4 weeks to reply confirming whether or not you have the Right to Buy your home \u2013 up to 8 weeks if you have been with your current landlord for less than 3 years. If your landlord has missed this deadline, follow these steps or contact a Right to Buy adviser if you need more help.
What is an RTB2 form?
The RTB2 form is the notice that a council sends to a tenant who has applied to buy their home through the Right to Buy scheme.
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