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New government mortgage guarantee scheme

chasingfreedom · 2021-03-03 20:55:13

Hi there, All week I've been impatiently waiting for the details on the new scheme to be released. Last September we almost purchased a new build on the help to buy equity scheme and got an AIP and passed HTB affordability but decided against it and didn't proceed. We wouldn't choose a new build but were attracted by the…

Comments

chasingfreedom Posts: 283 Forumite

4 March 2021 at 7:46PM

getmore4less said:

How much are you trying to borrow?

Last year house value was 350 but we would have been using htb equity scheme so mortgage was for 284000 but ltv 75% because of the HTB. Latest attempt house value 200k with 10% deposit and they said affordability no issue but wanted 15% deposit to proceed.

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