featured post » Help to Buy interest-free equity loan period ending?
Help to Buy interest-free equity loan period ending?
author: Karen Woodcock - 19 July 2019
Is your Help to Buy interest-free equity loan period coming to an end?
First-time buyers and people moving to a new-build home worth up to £600,000 have benefited from the scheme, which provides an equity loan of up to 20% of the cost of the property interest free for the first five years.
But what happens when you come to the end of the interest-free period?
You can:
Continue paying the loan (with interest)
Sell the property and repay the loan
Remortgage and keep the loan
Remortgage and pay the loan
There are a number of options when it comes to the end of your five-year equity loan period. Contact us and we can discuss the right option for you.
Carl Summers Financial Services offers a bespoke service backed up by a dedicated administrative team. We will offer you advice and make recommendations to help you decide which mortgage product is right for you.
We aim to recommend products not only addressing your existing needs, but also solutions tailored to your future expectations
Your home may be repossessed if you do not keep up repayments on your mortgage
Further information can be found...https://www.allaboutnewport.co.uk/newport-shropshire/insurance/365/carl-summers-financial-services
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