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New build/first time buyer/equity loan and a mortgage
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britbok
Posts: 82 Forumite
Hi, we are looking to buy a new build property with a 5% deposit and the new build government 20% assistance. My first question is can we get an interest only mortgage (probably not, I think) and the second question is a general one, which is the best mortgage company/companies to consider? Thanks
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You are not permitted to buy a Help to Buy new build property with an interest-only mortgage. It is clear on page 3 of the HTB Equity Loan buyer's guide.
Can't give you any advice on the mortgage companies. However when I purchased my new home on HTB - Nationwide came out with the cheapest rate by far.0
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