We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
I don't understand the HtB bonus
Options

Teamocil
Posts: 122 Forumite
I'm likely to apply for a HtB mortgage using my HtB ISA for my share of the deposit. The broker stress he can't take the bonus into account at this stage, which is fine, but I don't understand where it ultimately goes.
If I'm agreeing to borrow £70,000 from the bank and the bonus is £2,500, is the mortgage just adjusted at the end of the process so I actually end up borrowing £67,500? Does it get added to a monthly payment and treated as an overpayment?
If I'm agreeing to borrow £70,000 from the bank and the bonus is £2,500, is the mortgage just adjusted at the end of the process so I actually end up borrowing £67,500? Does it get added to a monthly payment and treated as an overpayment?
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 350.8K Banking & Borrowing
- 253K Reduce Debt & Boost Income
- 453.4K Spending & Discounts
- 243.7K Work, Benefits & Business
- 598.5K Mortgages, Homes & Bills
- 176.8K Life & Family
- 256.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards