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helping hand scheme 75/25
mac456
Posts: 35 Forumite
Hi, me and the gf are looking at buying our first home. Well we found this house developer offering a deal called helping hand (Helping Hand 75/25) where we would own 100% of the house but would need to pay the other 25% of the flat value within 10 years, ie sell the flat.
Can anyone give me more info on this shceme and where ever its a con in anyway?
We dont plan on living there for ever just to get on the housing ladder.
Thanks
Ant
Can anyone give me more info on this shceme and where ever its a con in anyway?
We dont plan on living there for ever just to get on the housing ladder.
Thanks
Ant
0
Comments
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I'd wait til the prices come down - there's no way the house is going to be worth the 100% price tag, and I'd be suprised if it was even worth the 75%. Save up your 10% deposit and wait til prices are affordable would be my advice.0
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thats what i was thinking. is there any way i can check to how much it currently is worth?0
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anyone else? bump0
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