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HTB Equity loan
kieron79
Posts: 149 Forumite
apologies for silly question but with HTB could I put up 12.5% deposit and get 12.5% through HTB or have I got it all wrong?
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Comments
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You can put more than the 5% deposit down - I did when I bought my flat using HTB 2 years ago. I put 14% down.
I also only needed to take 10% HTB loan out to be able to afford a mortgage on the property, not the full 20%.
But I'm not sure what increments you can go to, if that makes sense. E.g. You can take out 10 or 20% HTB loan but not sure if you can go inbetween.0 -
on thanks for fetting back, hopefully someone else on here can clarify0
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Loan options, 10% to 20% in 1% increments.
Min deposit 5% and max deposit 55% with 20% equity loan, as minimum mortgage is 25%.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 -
thanks for clarification0
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kingstreet wrote: »Loan options, 10% to 20% in 1% increments.
Min deposit 5% and max deposit 55% with 20% equity loan, as minimum mortgage is 25%.
Is this only for new builds?0 -
Help To Buy Equity Loan is only for newbuilds, that is correct.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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