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Help to buy - Clearing loan

2»

Comments

  • YHM
    YHM Posts: 650 Forumite
    Andyjp1 wrote: »
    Just spoke to a broker, nice guy, did mention Capital what you mentioned also.


    Is he doing it fee free for you? You mentioned you didn't want to pay a fee...
    I am a Mortgage Broker.

    You should note that this site doesn't check my status as a Mortgage Broker, 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
  • Supersy
    Supersy Posts: 61 Forumite
    That example is poorly worded: RPI + 1% is not the increase charged on the whole of the loan - it is the increase charged on the initial fee of 1.75%.

    Check out page 18 of the official document:

    https://www.helptobuy.gov.uk/wp-content/uploads/Help-to-Buy-Buyers-Guide-oct-16-V1016.pdf

    Fees dont look to bad at all to me.
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