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Found 7 results

  1. Hello Guys! In August 2018 I and my partner bought our first flat (home), We had the help of the Help to Buy Equity scheme. This is a great one bed flat in MCR city centre. The mortgage is a 5 yrs fixed at 2.34% We are planning to have a family at some point and for this, we need the biggest house. adn rent our current flat. We are thinking to buy a second property in 2023 and let this apartment. For doing this, we need to pay the Help to buy first. The bank that holds our mortgage is Halifax and they are offering us an "additional borrowing" of £43.000 at 2.84% for 35yrs a
  2. Hi All,I'm just after a bit of advice really. My partner and I had reserved a new build prior to COVID using the HTB scheme and had a mortgage offer ready to go for exchange but the pandemic struck. The build was then stopped and completion window moved from initially Aug-Sep 20 to Jan-Feb 21. Unfortunately my partner has been furloughed and this mortgage offer has since expired. We therefore haven't exchanged and will be unable to do so without a mortgage offer. We are trying to arrange for another mortgage offer but despite being way under the possible affordability threshold of our mortgage
  3. Hello, we are buying our first home and have around 72k in the bank to do so. We are evaluating several options going back and forth and can't decide on the best strategy. Our goals are: 1) get on the property ladder now when prices are stable or declining, 2) build up equity to buy a more expensive house in 4-5years time. Our options are: a) Help to Buy, b) Second hand property with 10% deposit. We like option a because of how much money it saves us in interest (the mortgage rate comes down to around 1.68% - 1.84%) which means we can achieve higher equity. Our mortgage broker says we can remo
  4. I bought my first property through help to buy and i would like to buy my 2nd property as an investment, can one remortgage the help to buy house and pay off the equity loan or change the mortgage from Help to buy to a normal mortgage?
  5. Hi all, This is my first post and I hope someone can help! My gf and I is looking to buy our first BTL property under a limited company and I understand that we will need to do personal guarantees against the mortgage (which is fine). We both have our own residential mortgages , however, she has a help to buy equity loan on hers. I understand that with HTB you can’t own another property until you have paid off your existing equity loan (or sell the property) . Is this also the case if the property is purchased under an ltd company as it is a separate entity? Many thank
  6. Hello everyone, I'm currently just starting on my property investment journey and am looking for some advice please. The story so far . . . I currently own my own home (mortgaged) . . . . the LTV is currently 68% with 96k o/s on my existing mortgage. I currently have around 30k equity in my home. Mortgage payments are currently around £450pcm, rental for my area is currently around £650 / £700pcm (there is currently hardly anything to rent in my area, rightmove currently comes up with 1 property) My partner does not currently live with me but is loo
  7. Hi, I am 24 years old and will be a first time buyer who plans to get in to buy to lets and create a property portfolio and eventually leave my job. As I am a first time buyer I can take advantage of the help to buy scheme etc. I am unsure whether to buy a cheap flat/maisonette (I have my worries with leaseholds) so I can save more towards a second property or buy a property and max out the mortgage I can get to hopefuly increase capital growth, ideally buying BMV if both cases. Ideally I would like to buy BMV, refurb and refinace to put towards a buy to let property. A
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