Help to Buy Mortgages
Help to Buy Mortgage Advice by Hullmoneyman
EXPERIENCED MORTGAGE BROKER IN HULL & SURROUNDING AREAS
Buy: Equity Loan
& Honest Mortgage Advice in Hull
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.
Overall, confidence in the housing market seems to be increasing, also, there seems more active in the mortgage market.
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 … (Call / E-Mail / Text)
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.
– See more at https://www.helptobuy.gov.uk/equity-loan/equity-loans/#sthash.bKMiSYhA.dpuf
- First Time Buyer Mortgage Advice in Hull
- Home Mover Mortgage Advice in Hull
- Remortgage Advice
- Buy to Let Mortgage Advice in Hull
- Right to Buy Mortgage Advice in Hull
- Self Employed Mortgages
- Specialist Mortgage Advice in Hull
- Ask a Question??