Originally posted by northernladuk
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Help to buy scheme
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Originally posted by northernladuk View PostIt does look pretty good I must admit. A couple of members of SWMBO's family are looking in to it.
Thing is, paying it back after 5 years won't be easy for the people that this is really aimed at. For contractors or high earners it just equates to a 5 year interest free loan I believe. Certainly not to be sniffed at if you can use it.
Did they ever resolve the issue about a parent or other getting the mortgage for their kids that apply and getting the same deal? I could get some BTL's using SWMBO's families allocation if they don't intend to use it. Have to be point out they will not be first time buyers afterwards though... or I might forget that bit in the rush to get some nice properties
I would be very interested to see the small print though. I can't believe for one minute it is just open season. Surely they will be putting some kind of restrictions on it to make sure that people that need it can benefit rather than well off people just seeing it as cheap money.
Will be looking in to it more when I get the time. If someone could post the links to the details it would be helpful.Originally posted by Stevie Wonder BoyI can't see any way to do it can you please advise?
I want my account deleted and all of my information removed, I want to invoke my right to be forgotten.Comment
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Originally posted by SimonMac View PostSibling's Wife's Mother's Brother's Orangutang?'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Well as if to ensure I have egg on my face over this post, I have received a call from the mortgage broker the developer insists I use and I have an offer on the table from Halifax (who I knew were "contractor friendly") for a decent rate under the equity share scheme.
The "problem" about selling our current house is still going to be difficult for us to manage. We'll need to market our current place with a view to shifting it in time for the new build being ready for us or rent/move in with parents for a while - neither ideal when the other half is pregnant (due August)...Comment
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Originally posted by ThomserveBAS View PostWell as if to ensure I have egg on my face over this post, I have received a call from the mortgage broker the developer insists I use and I have an offer on the table from Halifax (who I knew were "contractor friendly") for a decent rate under the equity share scheme.
The "problem" about selling our current house is still going to be difficult for us to manage. We'll need to market our current place with a view to shifting it in time for the new build being ready for us or rent/move in with parents for a while - neither ideal when the other half is pregnant (due August)...
I presume the house you want wasn't available on a part ex? Friend of mine in waiting for his to be built and he part ex'd his. Nearly every new build estate was offering part ex on some houses. Won't the developers be open to discussion on the matter? My mates house got sold for 7k under the value he got the part ex as so it isn't always a rip of option.
Even if it isn't on part ex see what they say. You can do a hell of a lot of negotiating on new houses.'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Originally posted by northernladuk View PostOh dear that's good goods though so nothing wrong with that.
I presume the house you want wasn't available on a part ex? Friend of mine in waiting for his to be built and he part ex'd his. Nearly every new build estate was offering part ex on some houses. Won't the developers be open to discussion on the matter? My mates house got sold for 7k under the value he got the part ex as so it isn't always a rip of option.
Even if it isn't on part ex see what they say. You can do a hell of a lot of negotiating on new houses.Comment
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Originally posted by ThomserveBAS View PostYeah the broker is going to provide me with quotes for a couple of options, the equity share scheme, the mortgage guarantee scheme and a straight purchase then we'll see what wiggle room we have with the developers.
Just reading about it you will need to have this valued when you come to sell.
Better to buy the contractor way - CASHComment
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Help to buy scheme
Have what valued when we sell? The house? Kinda part of selling a house me thinks...Comment
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Scheme is all good so far as I can see - we want to move in a year or so time, and - hopefully! - by then this scheme will have been extended to all houses (i.e. not just new build).
See y'all in a year....latest-and-greatest solution (TM) kevpuk 2013Comment
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