A RTB mortgage on a high rise flat

A specialist residential mortgage case study

Objective

The customer wanted to purchase their property under the right to buy scheme. The open market value of the property was £100k and the customer was eligible for a 50% discount.

Obstacle

The property was a flat on the 8^th floor of a high rise and many lenders will not lend on this property type.

Outcome

Brightstar were able to place the case with a lender who offered 50% LTV meaning that the client received 100% of the discounted purchase price. The rate offered was 6.37%.

FIND OUT MORE about the criteria available for RTB mortgages on high rise flats (including over 10 stories)

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