{"id":105071,"date":"2019-03-16T14:00:37","date_gmt":"2019-03-16T07:00:37","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-should-i-fund-my-help-to-buy-home-purchase\/"},"modified":"2019-03-16T14:06:06","modified_gmt":"2019-03-16T07:06:06","slug":"how-should-i-fund-my-help-to-buy-home-purchase","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-should-i-fund-my-help-to-buy-home-purchase\/","title":{"rendered":"How should I fund my help-to-buy home purchase?"},"content":{"rendered":"


\nI\u2019m wondering if I should try to borrow more in a mortgage and get a smaller government loanQ I am currently in a process of securing a mortgage and help-to-buy equity loan on a new build with a purchase price of \u00a3420,000. My mortgage adviser has proposed that, to fund the purchase, I put down a cash deposit of \u00a340,000 with a mortgage of \u00a3212,000 and apply for a help-to-buy equity loan of \u00a3168,000.When I enquired about securing a mortgage before I went down the help-to-buy route, I was told I could get a loan of up to \u00a3366,000. So I am a bit puzzled as to why my current mortgage adviser is suggesting that I go for a mortgage of only \u00a3212,000. With a bigger mortgage, I could go for a smaller equity loan which would be smaller and easier to pay off after the five-year interest-free period comes to an end. Or am I wrong in thinking that getting the maximum mortgage amount of, say \u00a3360,000 plus my \u00a340,000 deposit would require an equity loan of only \u00a320,000. I am very confused with this and would like to have the reassurance that my mortgage adviser is actually trying to secure me the best deal possible.JM Continue reading…
\n
\nSource : theguardian.com
\nRead more…How should I fund my help-to-buy home purchase?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

I\u2019m wondering if I should try to borrow more in a mortgage and get a...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-105071","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-rkH","jetpack-related-posts":[{"id":113433,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-we-take-out-the-maximum-help-to-buy-equity-loan\/","url_meta":{"origin":105071,"position":0},"title":"Should we take out the maximum help-to-buy equity loan?","date":"January 6, 2020","format":false,"excerpt":"\r A reader looking to buy a property in London seeks advice on whether or not to go with a higher mortgageQ My partner and I are looking to buy a property in London using the help-to-buy scheme, which means we can pay a deposit of as little as 5%\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":42607,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/i-want-to-repay-my-help-to-buy-loan-in-order-to-let-my-house\/","url_meta":{"origin":105071,"position":1},"title":"I want to repay my Help to Buy loan in order to let my house","date":"February 2, 2017","format":false,"excerpt":"\r Help to Buy prevents borrowers from renting out their properties, so I want to increase my mortgage to pay off the loan Q Due to a change in circumstances I am looking to rent out my house. However, because I have an equity loan from the Help to Buy\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":185,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/can-we-remortgage-to-pay-off-the-equity-loan-on-our-home\/","url_meta":{"origin":105071,"position":2},"title":"Can we remortgage to pay off the equity loan on our home?","date":"November 5, 2015","format":false,"excerpt":"\r Property prices are rising so my fiance and I would like to pay off our Help to Buy loan but are unsure whether a remortgage is the best way to do thisQ My fiance and I have a joint mortgage on a new-build home in Scotland. The house cost\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":127103,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/buying-uk-property-heres-a-tactic-to-get-faster-mortgage-loan-approval-to-fund-your-purchase\/","url_meta":{"origin":105071,"position":3},"title":"Buying UK property: here\u2019s a tactic to get faster mortgage loan approval to fund your purchase","date":"June 21, 2022","format":false,"excerpt":"\r If you expect the mortgage approval procedure at UK banks to be largely the same as in Hong Kong, you might be in for a not-so-pleasant surprise.\r \r Source : South China Morning Post\r Read more...Buying UK property: here\u2019s a tactic to get faster mortgage loan approval to fund\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":107726,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/i-own-a-property-can-i-get-a-deal-if-i-buy-another-with-a-friend\/","url_meta":{"origin":105071,"position":4},"title":"I own a property \u2013\u00a0can I get a deal if I buy another with a friend?","date":"June 3, 2019","format":false,"excerpt":"\r He\u2019s a first-time buyer and we\u2019re hoping to get a better mortgage and pay less stamp dutyQ I am really hoping you could give me some advice. I am currently based in London throughout the week and spend most weekends in Nottingham where I recently bought a property as\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8762,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-we-use-savings-to-pay-off-part-of-our-help-to-buy-loan\/","url_meta":{"origin":105071,"position":5},"title":"Should we use savings to pay off part of our Help to Buy loan?","date":"August 7, 2014","format":false,"excerpt":"\r A reader wonders whether to use savings on Help to Buy, or to reduce her main mortgage \u2013 or to wait to remortgageQ My husband and I purchased a new-build house for \u00a3300,000 in January 2014, with a \u00a340,000 deposit, \u00a360,000 Help to Buy equity loan and a \u00a3200,000\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/105071"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=105071"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/105071\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=105071"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=105071"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=105071"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}