Help to Buy Equity Loan Scheme
Автор: FT Rich Mummy Company
Загружено: 2022-01-31
Просмотров: 33
Today I am going to talk about the Help to Buy Equity Loan scheme, which is available on a new build purchase of up to 600,000 pounds.
It is currently available for first-time buyers only.
The scheme enables you to apply for an equity loan of 20% of the property values outside and 40% property value in London.
You will need a deposit of a minimum of 5% and then obtain a mortgage on the remaining 75% outside and 55% in London of the property.
In the first five years, there is no interest payable on the Help to Buy quite a loan.
On the Firth anniversary, you will be paid back the interest monthly.
But also, at that time in point, you could consider the remortgaging option to see if you can consolidate your equity loan onto the mortgage.
If you like to find out more about the HTB equity loan available, feel free to reach out. We are more than happy to help.
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