Help to buy schemes

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TheMeg

So I think we have a threads on most things associated with house buying....including shared ownership but...

Could anyone share their experiences of the Help to Buy schemes please? In particular when coming to remortgage after the initial mortgage period and including the interest free government loan part of the scheme?
 
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kadykal95

We used HTB on our new build. The process was really easy and we got a much better rate mortgage.

Sorry i can't help you with what happens after the 5 years interest free ends. We started saving to pay it off from day 1 though, and we also inherited some money so we now have enough to pay it off.

I know people who have remortgaged their house after the 5 years to include the 20% HTB share which is a great option.
 
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MrsI

We remortgaged after five years before they start adding the interest to the help to buy. We managed to remortgage so we own 100% of the property and the monthly payments are less than they were before. I don’t know if we just got lucky or if that happens all the time though
 
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Lauren1994

I recently bought my first house worth £480,000 because it was over £200,000-£250,000 I didn’t receive any money back from the government. I had to take all my savings out my help to buy account and use it towards my deposit. I live an hour away from London, in London apparently the government give back to houses worth more than what they do round here (even though there’s still a price limit).
 
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