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Home Buy Direct Scheme
J3OEF
Posts: 182 Forumite
Hi,
Can anyone answer a few questions in relation to this scheme?
Firstly i understand we only require a 70% mortgage so where does the rest come from? is it from the developer and the goverment?
We at present pay £525 per month to rent accomodation so does anyone a rough figure we could expect to pay on a mortgage with the above scheme paying both back?
The property is priced at £115,000
Can anyone answer a few questions in relation to this scheme?
Firstly i understand we only require a 70% mortgage so where does the rest come from? is it from the developer and the goverment?
We at present pay £525 per month to rent accomodation so does anyone a rough figure we could expect to pay on a mortgage with the above scheme paying both back?
The property is priced at £115,000
0
Comments
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The remaining 30% is covered by a five-year interest-free loan from the builder and the Government's Homes And Communities Agency.0
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I believe this scheme is ending this month so you would have to be very quick!Debt Is Slavery.0
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