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Help to Buy Scheme on new houses
MJaye
Posts: 44 Forumite
Does anyone know if the Help to Buy scheme will be extended beyond December this year?
Also, will the maximum house value be increased above £600K?
Thanks
MJaye
Also, will the maximum house value be increased above £600K?
Thanks
MJaye
0
Comments
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Philip Hammond maybe?0
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Actually, phase one has already been extended to 2020. As far as phase two goes the above is probably the best answer you are going to get.0
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Yep. Equity Loan is running until 2020, it's Mortgage Guarantee which is due to end soon.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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You do realise it's just a scheme designed to help developers sell overpriced newbuilds by getting desperate/gullible FTBers into even greater levels of debt, don't you?0
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As opposed to paying ridiculous amounts of rent to the point where a mortgage works out 25% less per month with an asset at the end of it all?iantojones40 wrote: »You do realise it's just a scheme designed to help developers sell overpriced newbuilds by getting desperate/gullible FTBers into even greater levels of debt, don't you?0 -
As opposed to paying ridiculous amounts of rent to the point where a mortgage works out 25% less per month with an asset at the end of it all?
Actually I imagine that iantojones40 meant, as opposed to buying a house which did not attract the premium price charged by the companies which benefit from such schemes.
This would give you the benefit you seek but hopefully without having to pay their premium.0
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