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PLEASE HELP Lift scheme/ shared equity
Kca
Posts: 55 Forumite
Hello this is a question I'm trying to work out but very confused ........
I am trying to buy a house £210.000, I have a deposit of £92.000 through the lift scheme/ shared equity ........ I can potentially get a mortage of £108.202 at 95 percent...... If its 95 % does that mean they will give me the full £108.202 ?
Then i add my own personal 5% £5410 making it 100 percent?
(not the 92) that's not getting taken into consideration yet.......
Or is it £102,792 plus my 5% £5.410 to make it up too the total of £108.202?
It's driving me crazy as I really have no idea what I'm talking about so any help would be much appreciated think you :beer:
I am trying to buy a house £210.000, I have a deposit of £92.000 through the lift scheme/ shared equity ........ I can potentially get a mortage of £108.202 at 95 percent...... If its 95 % does that mean they will give me the full £108.202 ?
Then i add my own personal 5% £5410 making it 100 percent?
(not the 92) that's not getting taken into consideration yet.......
Or is it £102,792 plus my 5% £5.410 to make it up too the total of £108.202?
It's driving me crazy as I really have no idea what I'm talking about so any help would be much appreciated think you :beer:
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