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100% Ltv mortgages
chriz1
Posts: 335 Forumite
Hi quite new to mortages although we have bought our first house and have nearly sealed a deal, we would like a new property that has just been built, but I need some advice on the mortage side of things
Me and my partner earn combined 39k a year
The property were looking at is £165,000
We have a deposit of £8k
What type of Ltv % mortgage will work for us going off this.
Thanks
Me and my partner earn combined 39k a year
The property were looking at is £165,000
We have a deposit of £8k
What type of Ltv % mortgage will work for us going off this.
Thanks
0
Comments
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95% via NewBuy or Help To Buy - Equity Loan.
You need to be able to cover the £8,250 deposit and stamp duty, legal costs etc.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
Do these schemes work for second time buyers?0
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Yes.
As long as your current property will be sold on, or before, completion of the new purchase.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
Where can I find out more about this scheme?
Many thanks for your help0 -
Which one?
NewBuy is determined by the builder's decision to offer it on that property and the builder will have its own lender scheme(s).
http://www.newbuy.org.uk/
Help To Buy Equity Loan is a Govt scheme.
http://www.homesandcommunities.co.uk/sites/default/files/our-work/help_to_buy_buyers_guide_sept_2013.pdfI am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
Il take a look thanks0
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