I discuss the 95% mortgage guarantee scheme, which will help first-time buyers and existing homeowners buy homes with a 5% deposit. This scheme provides an alternative to the Help to Buy Equity Loan scheme which can only be used to buy new build homes.
CHAPTERS
Intro 00:00
Overview 00:39
How will it work? 01:38
Will this scheme improve your affordability? 02:46
Is this scheme a good thing? 04:32
- Negative equity 05:45
When will the scheme be available? 09:59
RESOURCES USED
Telegraph article - www.telegraph.co.uk/personal-...
Negative equity - www.moneyadviceservice.org.uk...
Mortgage Guarantee Scheme - assets.publishing.service.gov...
ABOUT ME
I'm Lemuel. I'm not a financial advisor. I'm not an expert. I'm just a regular guy that enjoys talking about how we can do better with money.
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TOPICS
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DISCLAIMER
This video is not meant to address the specific circumstances of any particular individual. It is created for educational purposes only. You should not rely upon it as legal, financial or professional advice, or a substitute for it. I do not accept any liability whatsoever for errors, omissions or misstatements contained therein. You should consult a suitably qualified professional if you require specific advice or information.
Негізгі бет 95% Mortgage Guarantee Scheme | Help to Buy with a 5% Deposit | Budget 2021
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