Mortgages for council tenants
Mortgages for council tenants
- 1993
- Financial Times 14 October 1993, 9 Daily Telegraph 14 October 1993, 6(2) .
A `rent-to-mortgage` scheme is launched by the DoE. Secure tenants of councils and housing associations may make a deposit of two thirds the right-to-buy price and pay the remainder at a discount when the property is sold, with mortgage repayments based on current rent levels.
HOME OWNERSHIP
MORTGAGES
RENT-TO-MORTGAGE SCHEME
A `rent-to-mortgage` scheme is launched by the DoE. Secure tenants of councils and housing associations may make a deposit of two thirds the right-to-buy price and pay the remainder at a discount when the property is sold, with mortgage repayments based on current rent levels.
HOME OWNERSHIP
MORTGAGES
RENT-TO-MORTGAGE SCHEME