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New Build Process
CT92
Posts: 1 Newbie
Hi,
I was wondering if someone has went through the process of buying a new build home using the Help to Buy scheme Scotland and could clear up some questions?
I'm about to reserve a property in June 2018 with completion date being around March 2019.
I understand I pay my £500 reservation fee in June, however when do I apply for my mortgage and pay my deposit? I can't apply for a mortgage in June as it'll expire before the completion date. Do they provide a timescale of when everything must be actioned e.g. 90 days before completion date?
I want to know if I have time to save more money before having to pay my deposit or if I need to pay this pretty much straight away.
Any help guys?
Thanks!
Cara
I was wondering if someone has went through the process of buying a new build home using the Help to Buy scheme Scotland and could clear up some questions?
I'm about to reserve a property in June 2018 with completion date being around March 2019.
I understand I pay my £500 reservation fee in June, however when do I apply for my mortgage and pay my deposit? I can't apply for a mortgage in June as it'll expire before the completion date. Do they provide a timescale of when everything must be actioned e.g. 90 days before completion date?
I want to know if I have time to save more money before having to pay my deposit or if I need to pay this pretty much straight away.
Any help guys?
Thanks!
Cara
0
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