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Help to buy phase 2?
brooklyn07
Posts: 170 Forumite
Hi All
I am in the process of saving for a deposit.
There are a few around the 140k price range that i like the look of so i'm wondering am i better off getting a 90% mortgage or a help to buy scheme mortage where i only need 5% deposit?
I will have 14k saved up in a few months time.
What would be the better option? Should i go for the 5% option and save the rest/use for furniture etc?
I am in the process of saving for a deposit.
There are a few around the 140k price range that i like the look of so i'm wondering am i better off getting a 90% mortgage or a help to buy scheme mortage where i only need 5% deposit?
I will have 14k saved up in a few months time.
What would be the better option? Should i go for the 5% option and save the rest/use for furniture etc?
0
Comments
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I'd go for the normal 90% mortgage.0
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You'll get better rates and more than two lenders on the 90% "normal" route.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
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kingstreet wrote: »You'll get better rates and more than two lenders on the 90% "normal" route.
great thanks :-)0 -
Don't forget to budget a few £K for stamp duty, mortgage / legal / search fees, moving, and post-move expenses.0
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