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another HTB question
kieron79
Posts: 149 Forumite
new build house in am looking at is going to be approx 400k (based on previous plots as not yet released).
could I put down 10% deposit and get the full additional 20% HTB equity loan to make LTV 70% or is it limited to 75% l
thanks
could I put down 10% deposit and get the full additional 20% HTB equity loan to make LTV 70% or is it limited to 75% l
thanks
0
Comments
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Yes you can put that down.
I put down 14% and took the full 20% HTB loan when I bought 3 years ago.
More recently I was looking at putting down 17% deposit, taking 10% HTB, and 73% mortgage.0 -
great thanks0
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As the minimum mortgage is 25%, you can put down upto 55% deposit and have the HTB loan for 20% to make 100% of your purchase price.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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