• Broker
    The information contained in this area of our website is for FCA regulated brokers only and not intended for consumer usage.
  • Consumer

A RTB mortgage on a high rise flat

A specialist residential mortgage case study

Objective

The customer wanted to purchase their property under the right to buy scheme.  The open market value of the property was £100k and the customer was eligible for a 50% discount.

Obstacle

The property was a flat on the 8th floor of a high rise and many lenders will not lend on this property type.

Outcome

Brightstar were able to place the case with a lender who offered 50% LTV meaning that the client received 100% of the discounted purchase price.  The rate offered was 6.37%.

 

FIND OUT MORE about the criteria available for RTB mortgages on high rise flats (including over 10 stories)

#madeeasy