We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
new 95% mortgages
sunrise27_2
Posts: 1,349 Forumite
can someone please help with a slight disagreement
I read about David Cameron and his 95% mortgage help but I was under the impression it was for first time buyers and new homes ( and I thought it was mainly for the scheme where the government loan you 20% and then you have a small deposit but I can't think what that scheme was called ) but my in laws say its open to everyone and for all properties
my daughter is hoping to buy a shared ownership flat under the rent to buy scheme - would it help her ??
I read about David Cameron and his 95% mortgage help but I was under the impression it was for first time buyers and new homes ( and I thought it was mainly for the scheme where the government loan you 20% and then you have a small deposit but I can't think what that scheme was called ) but my in laws say its open to everyone and for all properties
my daughter is hoping to buy a shared ownership flat under the rent to buy scheme - would it help her ??
0
Comments
-
Nothing to do with shared ownership - separate scheme.
2 help to buy schemes
phase one is new build with 20% equity loan scheme (selected new properties only)
phase two (brought forward this week) is mortgage guarantee for old and new properties
plenty of info on our website
pm me if you want a linkI am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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.0 -
so just to clarify the new scheme announced by david Cameron won't make any difference to my daughter - she has been told the buy to rent scheme that she's on she can have a 5% deposit and a 95% mortgage ?0
-
does not effect existing schemesI am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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.0 -
thank you x0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.9K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 246.9K Work, Benefits & Business
- 603.5K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards