Help To Buy - Equity Loan - max. % deposit

yakuman

Hello,

Could you please advise me what is the highest % of deposit I can provide in order to still qualify for government equity loan?

I am looking at a potential mortgage structure of 60% loan, 20% gov't equity loan, 20% deposit, however is it theoretically possible to , say, make it 58%/20%/22% and still get help to buy? (if, for example, the lender can lend less than originally planned)


Thank you!

kingstreet

The minimum mortgage is 25% and the loan is either 10% or 20% of the purchase price, so technically you could put down a 65% deposit and have a 10% loan and 25% mortgage.

However, only the loan is "rounded" to 10% or 20%. You can have a mortgage of an irregular amount and deposit of irregular amount.

At the moment, we're doing a purchase at £169,995 and the equity loan is 20% (£33,999) the deposit £8,501 and mortgage £127,495.