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help to buy equity
nothomealone
Posts: 24 Forumite
Ftb buyer looking to use htb can I take the htb 20% and put 10% or more towards mortgage myself or is it capped at 25% combined?
Ive searched the net but cant find a clear answer
Ive searched the net but cant find a clear answer
0
Comments
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It is not capped.
As long as you borrow at least 25% of the price of the property, you can put down as much deposit as you like, as long as it's more than 5%.
The HCA Calculator works on a max of 4.5x income, based on a rate of 4.8% and allows a household debt to income ratio of upto 45%.
As long as you are within those parameters, your equity loan should be approved by your HCA HomeBuy Agent.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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