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Help-To-Buy Three Months Early: Any takers?
Comments
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kingstreet wrote: »This is about a big fund to cover possible repossessions, not the Government getting involved in each individual mortgage.
So does that mean my monthly payments would be higher based on a 5% mortgage, as well as having to pay back the government each month?0 -
Paying the Government back each month?
What do you mean?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 -
http://yournews-legalandgeneral.com/pv_obj_cache/pv_obj_id_BB320F8298FC1120B8826B44DE0AD12E294C0800/filename/Help%20to%20Buy%20Definition%20Budget%202013.pdf
Look at Option 2.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 -
kingstreet wrote: »Paying the Government back each month?
What do you mean?
Sorry, I read on and can see the difference now. I was thinking it was the Equity Loan, but in fact it's the Mortgage Guarantee.
I kind of get it now (I think)!0
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