Reply
 
LinkBack Thread Tools Search this Thread
Old Apr 1st, 2017, 13:30 PM   1
R_x
Mum (Mom)
BnB Addict
 
 
Join Date: Aug 2011
Location: Uk
Posts: 5,730

Help to buy?


Has anyone used this?

Thanks



 
Status: Offline
 
Old Apr 1st, 2017, 13:59 PM   2
x__amour
Mum (Mom)
BnB Spammer Elite
 
 
Join Date: Jun 2010
Location: Colorado, USA
Posts: 22,096
Used what?



 
Status: Offline
 
Old Apr 1st, 2017, 14:24 PM   3
R_x
Mum (Mom)
BnB Addict
 
 
Join Date: Aug 2011
Location: Uk
Posts: 5,730
Help to buy. A scheme in the U.K. (sorry not sure if you are from here or not) where you can you can borrow money interest free to go towards your house deposit on a new build home.



 
Status: Offline
 
Old Apr 1st, 2017, 14:27 PM   4
x__amour
Mum (Mom)
BnB Spammer Elite
 
 
Join Date: Jun 2010
Location: Colorado, USA
Posts: 22,096
Oh I'm sorry! I was confused.



 
Status: Offline
 
Old Apr 2nd, 2017, 02:20 AM   5
Pearls18
Mum (Mom)
BnB Elite
 
Join Date: Jan 2010
Location: UK
Posts: 11,654
We very nearly used it but pulled out of the house before exchange. It was for other reasons although we decided with our current house that in fact we didn't want to use HTB, we've instead opted to buy on the "used" market with a 95% mortgage. There are pros and cons to the HTB, for us the cons outweighed the pros because we were buying in an area with very slow growth and knew we only wanted to live there 5-10 years, it felt too risky for us (negative equity was a big concern). If we were buying a forever home or in an area where housing was a safer investment I would have happily used it.

Do you have any specific questions? I researched it quite heavily and the broker explained it all in minute detail.



Status: Offline
 
Old Apr 2nd, 2017, 11:27 AM   6
DreamCatcher_
Mum (Mom)
Active BnB Member
 
 
Join Date: Jul 2016
Location: Glasgow
Posts: 395
We have used Help To Buy in Scotland.
We had a 5% deposit, borrowed 15% from the Scottish govt.

If we never sell our house we never repay the money borrowed. If we sell for less than bought price we only repay the money borrowed and if we sell for more then we give them 15% of sale price.

We couldn't get on the property market otherwise and I wouldn't go back to renting.



 
Status: Offline
 
Reply



Bookmarks

Tags
buy

Thread Tools Search this Thread
Search this Thread:

Advanced Search



SEO by vBSEO