Right to Buy Maximum LTV (of discounted purchase price)
Our standard acceptability
Indicates if we accept Right to Buy cases, the maximum loan to value (LTV) of the discounted purchase price we will consider for Right to Buy applications. For example, John has the right to buy his council home which has been given an open market value of £100,000 with a discount of £35,000. The discounted purchase price is therefor £65,000.
We can lend up to 100% of the discounted purchase price as long as the LTV based on the valuation does not exceed 80%.
- right to buy
29 August 2018