Help to Buy products will be here this week

Help to Buy House

Help to Buy

Help to Buy mortgages launched

Help to Buy products at 95% loan to value will be available for application on Friday we understand.

It would appear that the product pay rate will be 5.19% fixed, but this is yet to be confirmed.

We are expecting confirmation from lenders with the next working day. At this stage we expect two or three lenders to launch products with two more confirmed for January.

This means that a £100,000 purchase will require a £5,000 cash deposit and mortgage payments of £578 per month.

A £150,000 purchase will require a £7,500 cash deposit and mortgage payments of £865 per month.

a £200,000 purchase will require a £10,000 cash deposit and mortgage payments of £1,151 per month.

Remember that the help to Buy mortgage guarantee mortgage can be used for existing housing stock, not just new build.

We are putting together application packs now to get them up and ready for Friday.

request a Help to Buy mortgage

Figures above are intended as a guide, all mortgages are subject to credit score and underwriting by the lender. Suitable security to be provided.

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