Help To Buy Aids Entry On Mortgage Ladder

There has definitely been a shift away from the vast housing developments of recent decades.  Families are becoming very fussy about where they want to call home.  I have relatives who are absolutely desperate to get themselves on the mortgage ladder and feel the only way is probably to buy into the new purchase schemes being banded about.  These are helpful if a couple are struggling to get that last few hundred pounds for the deposit.  The help to buy schemes have generally involved a government backed loan added to the mortgage, but it’s low interest rate but is only available for five years before having to be paid back with with interest.  Gross is worked out on the selling price at time of payback.  There in lies the conundrum, do you tart the place up so it doubles in value or leave as is until the deposit loan’s paid back?!   Many families are choosing to have individual properties built – there’s a lot of serious money about and sinking it into a superior one off property with amazing, magazine worthy interiors is definitely the way forward for investors.

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