My son has made an offer on a property and is unsure whether to pay another £200 into the account Q My son has saved £5,200 in a help-to-buy Isa and has put in an offer for a property with a purchase price of £126,200. The government bonus of 25% of his Isa savings will work out at a little over £1,300 after the interest he has received from the building society.He has had an offer of a mortgage of £119,935, which is puzzling because after taking his Isa savings and the government bonus into account, he only needs a loan of £119,700 to be able to pay the purchase price of £126,200. The mortgage offer is £235 more than he actually needs. Continue reading…
Source : theguardian.com
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