"Affordability is nearly always a critical factor in the Right to Buy sector, so to offer an exclusive product at a good rate with a refund of the valuation fee is a very welcome addition"
The product is available to all local authority or housing association tenants in England who want to buy their house through the Right to Buy scheme.
Rates start from 5.39% for a two-year fixed rate and 5.59% for a five year fix at 75% LTV on properties of up to £500,000. The maximum discount is capped at £103,900 in London and £77,900 in other regions. Applications with some adverse credit will also be considered.
Jo Breeden, Managing Director of CSF, said: “Affordability is nearly always a critical factor in the Right to Buy sector, so to offer an exclusive product at a good rate with a refund of the valuation fee is a very welcome addition to our comprehensive panel.”
Roger Morris, Director of Sales at Precise Mortgages, added: “To make a product with this feature available through CSF demonstrates our faith in their service delivery and market reach to brokers. It’s a great product, and one that will be welcomed by council and housing association tenants throughout England.”
