Help to Buy Mortgage Advice
Help to Buy Mortgage Advice by Manchestermoneyman
EXPERIENCED MORTGAGE BROKER IN MANCHESTER
HELP TO BUY EQUITY LOAN SCHEME
– NEW Properties –
Top up your deposit with a 20% Interest-Free Loan
Help to Buy Mortgage Advice Available
FREE Help to Buy Mortgage Consultation for ALL Customers
Help to Buy Mortgage Advice in Manchester & Surrounding Areas
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Since the introduction of the Governments Help to Buy scheme there has been an increasing number of first-time buyers getting on, and second-time buyers moving up the property ladder.
We’re very experienced in this area, we’re here to answer all of your questions regarding this scheme.
The video below is from the Helptobuy.gov website and explains the Help to Buy Scheme well …
Please contact us to see if you qualify for the scheme … Book Your Free Consultation!
Q. How does the Help to Buy: Equity Loan Scheme work?
With a Help to Buy: Equity Loan, the Government lends you up to 20% of the cost of your newly built home, so you’ll only need a 5% cash deposit and a 75% mortgage to make up the rest.
You won’t be charged loan fees on the 20% loan for the first five years of owning your home.
Example: for a home with a £200,000 price tag
If the home in the example above sold for £210,000, you’d get £168,000 (80%, from your mortgage and the cash deposit) and you’d pay back £42,000 on the loan (20%). You’d need to pay off your mortgage with your share of the money.
For more information (including advice on fees and paying back your loan) please download our Help to Buy Buyers’ Guide (PDF).
– See more at https://www.helptobuy.gov.uk/equity-loan/equity-loans/#sthash.bKMiSYhA.dpuf
Help to Buy Mortgage Advice by Manchestermoneyman.com