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Can I buy my home with cash or do I have to have a mortgage?

It’s up to you how you fund the purchase, whether by cash or mortgage. However, we will ask you to declare how you intend to fund the purchase. Large cash amounts are subject money laundering regulations and both your, and our, solicitors will carry out the relevant checks. We would strongly recommend that you seek professional financial advice before going ahead with the purchase.

You would need to discuss any specific funding issues directly with your lender. For example, if you wanted to use your discount as a deposit for a mortgage, or if you can borrow additional money to make improvements to your home.

If you have rent arrears you can still apply to buy your home. However, you must make any outstanding payments before completion.

  1. Right to Buy