Secure Trust Bank enters Right to Buy

Secure Trust Bank Mortgages has launched a mortgage range for tenants using the Right to Buy scheme to purchase their existing home.

Related topics:  Mortgages
Rozi Jones
16th November 2018
Tony Hall Secure Trust
"Right to Buy provides an excellent opportunity for tenants to purchase their existing home "

Loans are available up to 100% of the discounted purchase price and Secure Trust Bank will also lend up to £10,000 or one year’s discount, whichever is lower, beyond the purchase price to fund home improvements.

Rates start at 3.24% for a two-year fixed rate or 4.29% for a five-year fixed rate, with a £999 product fee.

There is also a fee-free option with a free or subsidised valuation, with rates from 3.84% for a two-year fix and 4.54% for a five-year fix.

Tony Hall, sales and marketing director at Secure Trust Bank Mortgages, said: “Right to Buy provides an excellent opportunity for tenants to purchase their existing home and we are pleased to be able to take Secure Trust Bank’s flexible approach to underwriting and appetite to deliver solutions on strong cases to this important market.

“Our Right to Buy range doesn’t stop at enabling tenants to buy their home but can also help them to carry out improvements and we are able to lend up to £10,000 or one year’s discounted price on top of the discounted purchase price.”

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