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Mortgage guarantee scheme
rikc174
Posts: 1 Newbie
Hi there
I'm a newbie to this but I am unsure if I am eligible for the new mortgage guarantee scheme or not. I have owned 2 houses before but have sold them now and the latter house at a loss of all my equity as bought at the top end of the market then the recession hit and then changed jobs. So sold and have been renting for the last couple of years. Have managed to build a deposit again and have a well paid job. So am I eligible as I have a 5% deposit can afford the repayment mortgage per month. Thank you
I'm a newbie to this but I am unsure if I am eligible for the new mortgage guarantee scheme or not. I have owned 2 houses before but have sold them now and the latter house at a loss of all my equity as bought at the top end of the market then the recession hit and then changed jobs. So sold and have been renting for the last couple of years. Have managed to build a deposit again and have a well paid job. So am I eligible as I have a 5% deposit can afford the repayment mortgage per month. Thank you
0
Comments
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If the lenders will lend to you, you are eligible. This isn't like the equity loan scheme where you have to be checked out by the HCA HomeBuy Agent, it is a normal mortgage application process.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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