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Help to buy deposit
coco21
Posts: 9 Forumite
Can I use the Help to Buy equity loan scheme for a new build if I have 10% deposit, or is the equity loan part designed for people with less than 10% deposit?
The HtB guide only mentions that you need at least 5% deposit, but not if there is a maximum deposit limit (in terms of % of house value).
Many thanks.
The HtB guide only mentions that you need at least 5% deposit, but not if there is a maximum deposit limit (in terms of % of house value).
Many thanks.
0
Comments
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You can employ anything from 5% upwards. The only stipulation is you must have a mortgage of at least 25% of the purchase price.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 can employ anything from 5% upwards. The only stipulation is you must have a mortgage of at least 25% of the purchase price.
Many thanks for your quick reply.0 -
Best of luck!0
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