David Wilson, incentives and Help To Buy

kingstreet

... and you won't be getting HTB - Equity Loan on a second-hand property at all.

The next Help To Buy scheme does not have an equity loan, just a Govt guarantee to encourage lenders to offer more 90%+ mortgages.

altitude2k

Ah...did not know that! Cheers.

kingstreet

thedalmeny wrote: »

I swear kingstreet, the amount of advice you give out on this forum is almost indispensable in my opinion. You're like the moneysavingexpert housing forum god, or at the very least jesus.

Blimey. I only answer things I know about.

There are loads of forums I never visit because I know nothing about them.

It whiles away the time inbetween work tasks and today's are particularly tedious - writing protection "reasons why" letters.

lord_tyrannus

I think it really depends on the developer about there incentives I believe david Wilson falls under the barratt homes umbrella who in my experience you wouldn't even get a cup of tea as a incentive out of them

but i'm sure there are others on this forum who have found them easier to deal with

dgtazzman

They can offer incentives on the HTB scheme, only most lenders will allow a maximum of 5% of the purchase price worth of incentives.

We got stamp duty paid and flooring throughout on a Barratt's new build a few days ago and we're using HTB, turfing was already included. We've been accepted for the scheme, just waiting for the paperwork to be pushed through now so we can proceed to the next stage of our mortgage application...

The problem is at the moment developers don't feel the need to offer incentives as the market is picking up. I was just quite frank with the sales woman, told her we wanted something or we'd walk to the developer across the road. She didn't have to know we'd already been to them and didn't like the houses :P

P.S. We even got 2 cups of coffee, so we must be special ^^