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Help to buy
JamieJ89
Posts: 102 Forumite
I have a couple of questions, which I hope you could help with please.
So I read the scheme closes in March 23, is this the deadline for when you must have completed by? I will be in a position come September to get my own mortgage arrangements put together, with sufficient deposit etc but I assume this will be too short a deadline in order for a potential new build to be built etc?
Furthermore, how does the loan repayments work? I've tried to find a calculator to try and find out what my monthly payments are likely to be but I cant find one.
Thanks.
0
Comments
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You need to have reserved by the end of October and exchanged by the end of March.
https://www.theguardian.com/money/2022/may/29/first-time-buyers-using-help-to-buy-scheme-must-reserve-property-by-end-of-octoberETA: I’d want to double check end of March was the deadline for exchange, and not completion.1
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