11-02-2015, 12:45 AM
Personally
- I'd speak to an independent mortgage adviser not an individual bank.
- I wouldn't buy a new build as half of them are given to affordable/social housing meaning that there is a good chance that some of your neighbors will be scum of some sort and I've seen some terrible ones where people have bought half million quid new builds to find out that their neighbours never work, have reversed sleeping patterns so are always up with their TV full blast at 4am and seem to have more police at their house than there ever is at the police station.
- When I looked at help to buy 2 years ago the government were lending you the extra 20% for 5 years and after that you had to pay it all back either by getting a loan, having saved up for it or by hoping that your wages and the house value have gone up so that you can then get a new mortgage for the full amount.
- I'd speak to an independent mortgage adviser not an individual bank.
- I wouldn't buy a new build as half of them are given to affordable/social housing meaning that there is a good chance that some of your neighbors will be scum of some sort and I've seen some terrible ones where people have bought half million quid new builds to find out that their neighbours never work, have reversed sleeping patterns so are always up with their TV full blast at 4am and seem to have more police at their house than there ever is at the police station.
- When I looked at help to buy 2 years ago the government were lending you the extra 20% for 5 years and after that you had to pay it all back either by getting a loan, having saved up for it or by hoping that your wages and the house value have gone up so that you can then get a new mortgage for the full amount.