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London Help to Buy

The Government’s Help to Buy Scheme, particularly the Help to Buy Equity Loan Scheme, has been successful in helping first-time buyers get onto the property ladder. What has been less successful however, is the effect of the Help to Buy Scheme in London.London property prices, as ever, are well above the UK average and first-time buyers … Read more

Help to buy equity scheme example

How the Help to Buy Equity Scheme works Now approaching now in it’s 8th year of operation, the Help to Buy Scheme allows first time buyers to obtain financial assist to purchase their first home. Under the help to buy equity loan scheme you can enjoy the benefit of an interest free loan of up … Read more

Help to buy equity loan scheme – buying out your equity loan

Buying out your Equity Loan – Example Original Help to Buy Purchase Original Price £300,000 Cash deposit £15,000 Equity Loan £60,000 Mortgage £255,000 Mortgage Payments £960 pcm Buying Out Help to Buy Equity Loan today Current Value £320,000 Mortgage Balance £222,000 Equity Loan Buyout £64,000 Re-Mortgage Required £286,000 (£222,000 + £64,000) New Mortgage Payments £1,205 … Read more

Help to Buy scheme

Help to Buy mortgage guarantee scheme The Government has introduced a Help to Buy mortgage guarantee scheme to assist those with small deposits looking to purchase both new and existing properties. The Help to Buy mortgage guarantee scheme will increase the supply of higher loan to value mortgages by providing a Government guarantee to lenders … Read more