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Help To Buy and LTV
PETIE
Posts: 93 Forumite
Can anyone please help with this
I'm looking at buying using Help to buy later in the year.
Would LTV be 75% using 5% deposit and 20% loan from the government on HTB equity loan. ( New Build)
and the HTB Mortgage guarantee scheme being 5% deposit with LTV of 95% ( Second Hand )
I'm looking at buying using Help to buy later in the year.
Would LTV be 75% using 5% deposit and 20% loan from the government on HTB equity loan. ( New Build)
and the HTB Mortgage guarantee scheme being 5% deposit with LTV of 95% ( Second Hand )
0
Comments
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Exactly that!0
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Thanks for the confirmation. a bit of relief as the 95% LTV have some high rates.0
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Most of the lenders on HTB - EL have specific products, you can't just choose from the normal range at a 75% LTV so be careful.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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Which lenders are actually in the help to buy equity loan scheme? From research ive found
Halifax
Nationwide
Santander
Virgin
Woolwich
Not many lenders there to choose from. Especially when i had payday loans in 2011/2012.0 -
Nat West
Leeds
Chorley
Mansfield
Teachers
and one or two other smaller/niche lenders.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 -
Natwest dont do the equity loan anymore. Just the 95%0
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Which is a bit of a let down as natwest accepted me with a AIP0
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Not true.
They are still accepting HTB - Equity Loan cases from brokers.
Don't know if there's any difference going direct.
http://intermediary.natwest.com/home-options.asp?page=HOME/LENDING-CRITERIA/HOW-MUCHI 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 -
Wow. I got the AIP online and went into branch, and the lovely woman behind the desk says, sorry we dont do the equity loan anymore. Only the mortgage guarantee. i will be phoning them later. Thank you kingstreet. You have been a big help so far with your posts. Keep up the good work.0
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Found out the reason why, that website you sent me says "The property must not be a new build"0
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