{"id":77684,"date":"2018-01-22T17:00:05","date_gmt":"2018-01-22T10:00:05","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-i-use-the-help-to-buy-scheme-for-a-new-build-home\/"},"modified":"2018-01-22T17:05:32","modified_gmt":"2018-01-22T10:05:32","slug":"should-i-use-the-help-to-buy-scheme-for-a-new-build-home","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-i-use-the-help-to-buy-scheme-for-a-new-build-home\/","title":{"rendered":"Should I use the help-to-buy scheme for a new-build home?"},"content":{"rendered":"


\nI\u2019ll need to repay 12.5% of the value when I pay the loan off \u2013 I might lose out if it\u2019s worth more Q My wife and I have reserved a new-build property in Surrey costing \u00a3600,000. We are now considering whether or not to use the help-to-buy scheme. If we did we would put down a deposit of 7.5%, get a help-to-buy loan of 12.5% and a mortgage of 80% of the value of the house. If we didn\u2019t use the help-to-buy scheme, we would have a 10% cash deposit and 90% mortgage.Assuming we were to pay back the 12.5% equity loan of \u00a375,000 within five years (so as not to attract interest), will we lose any equity if the house increases in value? Continue reading…
\n
\nSource : theguardian.com
\nRead more…Should I use the help-to-buy scheme for a new-build home?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

I\u2019ll need to repay 12.5% of the value when I pay the loan off \u2013...<\/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-77684","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-kcY","jetpack-related-posts":[{"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":77684,"position":0},"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":126873,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/first-time-buyers-using-help-to-buy-scheme-must-reserve-property-by-end-of-october\/","url_meta":{"origin":77684,"position":1},"title":"First-time buyers using help-to-buy scheme must reserve property by end of October","date":"May 30, 2022","format":false,"excerpt":"\r New homeowners face deadline two months earlier to access government-backed equity loan First-time buyers who want to take advantage of the government\u2019s help-to-buy scheme will have to reserve a property by the end of October, it has emerged \u2013 two months earlier than had been expected.The scheme, which offers\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113433,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-we-take-out-the-maximum-help-to-buy-equity-loan\/","url_meta":{"origin":77684,"position":2},"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":1268,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/london-help-to-buy-scheme-to-launch-in-february\/","url_meta":{"origin":77684,"position":3},"title":"London help-to-buy scheme to launch in February","date":"January 12, 2016","format":false,"excerpt":"\r Government\u2019s equity loan programme will be extended to buyers in the capital, allowing them to borrow up to \u00a3240,000 for a new-build property A government scheme offering homebuyers in London loans of up to \u00a3240,000 to help them buy new-build properties will go live on 1 February.Help to buy\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":94985,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/is-it-right-to-be-cautious-about-the-help-to-buy-scheme\/","url_meta":{"origin":77684,"position":4},"title":"Is it right to be cautious about the help-to-buy scheme?","date":"July 30, 2018","format":false,"excerpt":"\r Help-to-buy is not an option if you don\u2019t want a new-build home \u2013 and interest rates can be higherQ In your opinion is help-to-buy a good option? Both my sons \u2013 who are 30 and 35 \u2013 have been renting for 15 years but now want to get on\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":105071,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-should-i-fund-my-help-to-buy-home-purchase\/","url_meta":{"origin":77684,"position":5},"title":"How should I fund my help-to-buy home purchase?","date":"March 16, 2019","format":false,"excerpt":"\r I\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\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\/77684"}],"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=77684"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/77684\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=77684"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=77684"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=77684"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}