"Help to buy" Scheme. Mortgage rules - we don't need one.

maisie14

mrginge wrote: »

Well done on being middle class

.:mad: ????

TheCyclingProgrammer

Where are all these unpleasant comments? All but one person above has just pointed out to you that the HTB scheme is intended to help those who cannot afford a reasonable deposit for either new builds (equity loan) or mortgage gurantee on any home (obviously irrelevant if you have no mortgage).

It's not aimed at people who have a large deposit but difficulty getting a mortgage for other reasons unfortunately. And I'm sure I remember reading that the maximum deposit is 50% (25% must be borrowed on a mortgage).

TheCyclingProgrammer

maisie14 wrote: »

Its not that we don't want the mortgage, we don't need a mortgage if we have capital, but its not enough to buy a house, where we currently live and wish to stay. (cheapest property in the UK)

On the contrary...you only have the 75% of the capital you need to buy the house you want. You cannot afford the house without a loan. The government scheme is not intended for or available to you ergo...you DO need a mortgage, or to buy a cheaper house.

Stop taking things so personally, people are only stating the obvious.

maisie14

chanz4 wrote: »

why not go for a normal mortgage ? also help to buy is for those that struggle to buy with low deposits

Did you actually read the post, we cannot get a mortgage anywhere in the country, for a 67 year old smoker.

Mortgages terms usually only available up to a person reaches 70 years old, so 3 years to pay off a £142,500 mortgage, how much do you reckon that is per month eh??

Well approx, £1800 actually, which is just about all our income to live on.............

maisie14

TheCyclingProgrammer wrote: »

Stop taking things so personally, people are only stating the obvious.

I think people have been rude, that is personal.

TheCyclingProgrammer

maisie14 wrote: »

Did you actually read the post, we cannot get a mortgage anywhere in the country, for a 67 year old smoker.

Mortgages terms usually only available up to a person reaches 70 years old, so 3 years to pay off a £142,500 mortgage, how much do you reckon that is per month eh??

Well approx, £1800 actually, which is just about all our income to live on.............

Didn't you say earlier that houses around your way are about £140k? If you have 75% deposit then surely you'd only need a £35k mortgage?

TheCyclingProgrammer

maisie14 wrote: »

I think people have been rude, that is personal.

In 8 replies, I counted only one slightly rude comment.

maisie14

ACG wrote: »

I havnt read all of your post but if you have a 75% deposit you have no need for help to buy.

Just a normal mortgage.

We cannot get a mortgage anywhere, we are 67 and 65 and pensioners. No one lends to a pensioner who will be 70 in 3 years!

TheCyclingProgrammer

maisie14 wrote: »

We cannot get a mortgage anywhere, we are 67 and 65 and pensioners. No one lends to a pensioner who will be 70 in 3 years!

How sure of that are you? Have you spoken to a mortgage broker?

maisie14

TheCyclingProgrammer wrote: »

In 8 replies, I counted only one slightly rude comment.

OK. but there is a "tone" that suggests people are being judgemental, because my partner has access to a draw down pension for which he worked tirelessly to build. Now he is unable to put a roof over his head. Basically he has been made homeless because he was able to earn a good salary and hence got taken to the cleaners by the ex, leaving him unable to be a home owner again. That is wrong. Its not unreasonable to expect a scheme like this to help people from all income brackets, especially elderly people some of whom, I am sure, are in similar situations due to divorce.