Help to Buy - 5% Deposit, 20% Goverment Deposit, 75% Mortgage.

[silverzx]

Thank you all, I'll be seeking advice from an independant mortgage/financial advisor in due course.

Also waving against a new build providing I can get a big enough deposit for a "used" home. The particular site I'm looking at is a 12 year development. I'd be long gone before it even finished probably! Then I'd have to compete with the "New" new builds in price..

A friend of mine bought a 3 bed semi for £125k the other day, it needs about 20k spending on it to get it tip top but it's bigger, cheaper, more bedrooms etc.

Also, being realistic, if interest rates did rise to 5, 6, 7% then I'd not really be able to afford repayments on a 190k house vs a 150k house.