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goverment help to buy
pyal440
Posts: 2 Newbie
Can anyone explain the basics of the government guarantee help to buy scheme in basic terms. First time buyer wanting to buy a house at at £180000.
Are there any pit falls????
TIA
Are there any pit falls????
TIA
0
Comments
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The guarantee against default is for the benefit of the lender. The borrower still remains liable for any shortfall.
The concept behind all the Government schemes is to encourage lenders to advance money. In order for the housing market to function normally in terms of transactions. The impact on prices is a totally different issue.0
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