Help to Buy mortgages - help please

[Vocal Minority]

Morning all

I have done a bit of reading, but I fear I know the answer to this one already.

I have recently joined the mass pile of PH divorcees. I have been bought out of the house by my ex wife and have £17,500 in my pocket from my share.

Even though I do not have an interest in any property any more - I don't qualify for any help to buy product do I, as I am not a first time buyer?

[Vocal Minority]

cheers illmonkey - that's helpful

[Vocal Minority]

I appreciate that some sort of sinking fund or provision for paying off the government loan aspect ASAP is important.

It's all a relatively simple spreadsheet away from an informed decision on this v a 95% mortgage.

Edited by Vocal Minority on Tuesday 21st November 13:20

[Vocal Minority]

Out of interest - why is that?

Say I had a plan to pay off the governments ownership within the five years?

[Vocal Minority]

The top one is a sweet little house. Like that,

On the basis I still had quite a bit of a mortgage in front of me, that didn't bother me too much - unfortunately not too much in that price band where I am potentially relocating to (career considerations)