Norton Home Loans have unveiled a new product following increasing interest of Right to Buy mortgage products.
Norton will now add both the lender and broker fees to the 100% discounted Right to Buy purchase price to allow tenants with little to no savings to purchase their home and benefit from the discounted purchase price.
This product is available to Norton’s intermediaries with immediate effect.
Stephen Lawrence, national group sales manager at Norton Home Loans, said: “I am delighted to announce this positive Right-to-Buy lending criteria.
“Tenants, with a good rent history but with no deposit, will now be able to purchase their home and benefit from a generous council discount as the broker and lender fees can now be added to the discounted purchase price.”