SlideShare a Scribd company logo
Your mortgage will be more
affordable so maybe you can:
Less to borrow
What could this mean on a £200,000 home?
+ =
Sourcing our customers the most suitable mortgages from thousands of deals
To find out more visit www.mortgageadvicebureau.com/helptobuyscheme
20%
5%
25%
You only need a 75% mortgage
Which means lower
repayments
Which could mean
lower interest rates
Get on the property
ladder
Afford a better home
than you thought
Government
Equity Loan
depositdeposit
There are conditions:
The property has to be a new build home
up to a maximum price of £600,000.
Three things to think about if you
are considering the Government’s
Help to Buy Equity Loan scheme?
1. The 20% paid by the Government has to be
paid back. Interest is payable on the outstanding
Government loan after the first 5 years.
2. You may be able to afford one of the increasing
number of 95% mortgages now available,
without a Government loan, and without being
restricted to a new build purchase.
3. We recommend you seek independent
mortgage advice.
Your home may be repossessed if you do not keep up repayments on your mortgage.
There will be a fee for mortgage advice. The actual amount you pay will depend upon
your circumstances. The fee is up to 1% but a typical fee is 0.3% of the amount borrowed.
The actual rate available will depend upon your circumstances. Ask for a personalised
illustration. The rate shown is available as at 10 April 2014 and may not be available
to all customers.
Mortgage £150k
Government £40k
Your £10k
Can’t afford to get on the property ladder?
Could a 20% loan from the Government help?
MAB 6025
75% Vs 95%
Initial monthly payments
£675.95 Vs £1,055.00
Initial rates
2.54% Vs 4.49%
Subsequent rates
3.99% Vs 3.99%
The overall cost for comparison is
3.9% APR Vs 4.2% APR
MAB 6025

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Help to buy

  • 1. Your mortgage will be more affordable so maybe you can: Less to borrow What could this mean on a £200,000 home? + = Sourcing our customers the most suitable mortgages from thousands of deals To find out more visit www.mortgageadvicebureau.com/helptobuyscheme 20% 5% 25% You only need a 75% mortgage Which means lower repayments Which could mean lower interest rates Get on the property ladder Afford a better home than you thought Government Equity Loan depositdeposit There are conditions: The property has to be a new build home up to a maximum price of £600,000. Three things to think about if you are considering the Government’s Help to Buy Equity Loan scheme? 1. The 20% paid by the Government has to be paid back. Interest is payable on the outstanding Government loan after the first 5 years. 2. You may be able to afford one of the increasing number of 95% mortgages now available, without a Government loan, and without being restricted to a new build purchase. 3. We recommend you seek independent mortgage advice. Your home may be repossessed if you do not keep up repayments on your mortgage. There will be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1% but a typical fee is 0.3% of the amount borrowed. The actual rate available will depend upon your circumstances. Ask for a personalised illustration. The rate shown is available as at 10 April 2014 and may not be available to all customers. Mortgage £150k Government £40k Your £10k Can’t afford to get on the property ladder? Could a 20% loan from the Government help? MAB 6025 75% Vs 95% Initial monthly payments £675.95 Vs £1,055.00 Initial rates 2.54% Vs 4.49% Subsequent rates 3.99% Vs 3.99% The overall cost for comparison is 3.9% APR Vs 4.2% APR MAB 6025