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Mortgage Intelligence targets right-to-buy tenants

Mortgage Intelligence is targeting a flexible mortgage scheme will help council house owners buy their property.


The new mortgage offers borrowers with no rent arrears or CCJ&#39s a five year fixed-rate of 7.25 per cent with free evaluation and free booking. Consumers with rent arrears and up to three 3 CCJ&#39s will be offered a standard variable rate of 9.25 per cent.


The Right to Buy Scheme allows consumers to borrow 95 per cent of the open market value of the home and offers a discounted price calculated in accordance with the number of years they have lived there.

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