Help to Buy Equity Loan scheme

The Government has now announced the long awaited replacement for the current Help to Buy Equity Loan scheme which ends in England on 31^st March 2021. The full details can be found here. Key points are:

First Time buyers only (never owned a property every before)
There are regional price caps to be aware of
5% personal deposit is still required
20% Government equity stake except London it is 40%
Interest free for the first 5yrs
Overpayments of 10% sums permitted at any time
The loan must be repaid when the mortgage is repaid, property sold or reach the end of the loan term

Get in touch for more info!

Posted in Mortgage Tips

Lawson Financial Ltd is a broker and not a lender

Your home may be repossessed if you do not keep up repayments on your mortgage

Lawson Financial Services will charge a fee for their services. The precise amount of this fee will depend on your circumstances but will be from £295.

Lawson Financial Ltd is directly authorised by the FCA

Lawson Financial Ltd is a broker and not a lender

Your home may be repossessed if you do not keep up repayments on your mortgage

Lawson Financial Services will charge a fee for their services. The precise amount of this fee will depend on your circumstances but will be from £295.

Lawson Financial Ltd is directly authorised by the FCA

Registered Office: Lawson Financial Ltd, 8 Biscay Close, Hill Head, Fareham, Hampshire PO14 3RG | Registered Company Number: 09000180 | Registered in England and Wales.