First time buyer schemes
Discussion
Just after some non biased opinions on the government backed first time buyer schemes.
Example:
Property value £200k
5% deposit from me
10% loan from developer (interest free x 5 years)
10% loan from government (as above)
Mortgage value £150k
I have a MIP for £150k already based on 5% deposit.
Do you think this is a good deal?
Example:
Property value £200k
5% deposit from me
10% loan from developer (interest free x 5 years)
10% loan from government (as above)
Mortgage value £150k
I have a MIP for £150k already based on 5% deposit.
Do you think this is a good deal?
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