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
Help to buy (rip off maybe)
Sloopjohnb_2
Posts: 1 Newbie
Hi this is my first post and need some advise.
I'm looking into a help to buy equity morgage
On a new build with Taylor wimpy.
I went to them today to offer full asking price
But wanted 4-5k worth of options thrown in.
This was declined which is fine but it's the reason
They gave that I want advise on.
The agent told me that it costs them around 3.5%
Of the purchase price of the property if I use the help
To buy scheme so they will not offer any incentives.
She added that if I wasn't to use help to buy she would
Except an offer 8k below asking price. I can not find
Anywhere that says help to buy costs the builder any
Money and I have asked an estate agent family friend
Who says this is not the case. Any info or advise on this
Would be greatly appreciated
I'm looking into a help to buy equity morgage
On a new build with Taylor wimpy.
I went to them today to offer full asking price
But wanted 4-5k worth of options thrown in.
This was declined which is fine but it's the reason
They gave that I want advise on.
The agent told me that it costs them around 3.5%
Of the purchase price of the property if I use the help
To buy scheme so they will not offer any incentives.
She added that if I wasn't to use help to buy she would
Except an offer 8k below asking price. I can not find
Anywhere that says help to buy costs the builder any
Money and I have asked an estate agent family friend
Who says this is not the case. Any info or advise on this
Would be greatly appreciated
0
Comments
-
You can't find anywhere that says so, because HTB doesn't cost them anything. The equitity loan is with the government, the builders have no part in it with the HTB equity loan product. They are either clueless and mixing it up with New Buy, or they are plain lying to discourage you from negotiating for incentives...0
-
NewBuy costs them that, HTB - EL costs them nothing as dgt says.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
-
We got estate agents fees (£2300) and full flooring with our help to buy house that we're going through with at the moment.. so to say they can't offer anything isn't true.0
-
Estate Agency fees?
Presumably this is for an Assisted Sale, which is permitted by the rules, while Part Ex isn't.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 -
Yes, it's the developers assisted move scheme
0
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