Help to buy etc

lydriver

Are there any of these schemes available or worthwhile to FTB when you have Enough saved for a deposit?
Was going to do the FTB ISA thing where the govt give you a max of 4k I think it was but that takes years and looking to buy before then

kingstreet

HTB Equity Loan on a newbuild reduces the amount you need to borrow.

The loan is interest-free for five years and can be 10% or 20% of the purchase price.

When you pay it back, you pay back that percentage of the property value.

HTB - Mortgage Guarantee only benefits those with a deposit of less than 10%.

GoldenShadow

We wanted to do the ISAs too but are buying nowish so time was against us.

As Kingstreet says, Help to Buy is still around. We considered it but decided against it. I'm still early on in my career so theoretically my salary will go up a fair amount in the next few years, but doing the sums of how much the 10 or 20% would be in five years if we wanted to avoid interest charges was just too risky for us on the money we have. I am very risk averse though, what with my job/sector, so just research and do the maths I would say.

Two years ago we were aiming for 20% deposit but prices have gone up so much that we're going in with 10% now instead. Not ideal, but better than current situation.

stator

The ISA scheme is not worthwhile if you already have enough to buy. I think the bonus was max £50 per month? House prices might go up more than that so you might lose out.
If saving for a purchase in the future then definitely use the HTB ISA, it's free money.

When buying now look at HTB:MG and HTB:EL. (I don't like HTB:EL, too risky)