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Corsa Sport » Message Board » Off Day » House Day » Best scheme for first time buyer? » Post Reply
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Cole |
posted on 3rd Apr 15 at 21:04 |
mine isn't houses across the road range from 300k up to 500k+. Guess im just lucky tbh I have lived in this row of houses for over 30yrs be it this one im in now or the one next door that my parents live in | |
Ben G |
posted on 3rd Apr 15 at 11:03 |
Only problem there is council houses tend to be in awful areas. | |
Cole |
posted on 3rd Apr 15 at 11:01 |
best scheme get a council house live in it for a while then buy it on right to buy did that last yr with mine 148k value paid 79k mortgage used the equity that the council kept as my deposit yes you can do that. After 5 yrs the whole house becomes mine so in theory 70k profit with less outlay plus it means each yr 14k is the theoretical amount I make on my house which I can take out for improvements etc | |
deano87 |
posted on 1st Apr 15 at 12:56 |
Best schemes are ones where no-one else is involved imho, as if you have to move urgently or what have you,it will cause issues. | |
Haimsey |
posted on 29th Mar 15 at 15:05 |
That help to buy isa (like all schemes) reads well at first glance. | |
Kyle T |
posted on 29th Mar 15 at 14:09 |
quote: :wave: | |
Cavey |
posted on 29th Mar 15 at 12:15 |
5 years ago we used the Homebuy direct scheme to get our place, we paid 70% government paid the rest, just started paying interest on the 30% | |
Ian W |
posted on 29th Mar 15 at 11:54 |
quote: +1 This was my mindset when I was saving, just saved for longer rather than having something else to worry about further down the line. I used Nationwide's Save To Buy which allowed me to buy with a 5% deposit + free survey, cashback on completion etc. | |
Ben G |
posted on 29th Mar 15 at 01:03 |
Be aware that people have used these schemes before and have came out worse than they went in e.g. Negative equity. | |
jacko198 |
posted on 29th Mar 15 at 00:03 |
As far as I'm aware there are only 2 schemes? | |
andys sxi |
posted on 28th Mar 15 at 17:15 |
When are you looking to buy? There's a new thing out called help to buy isa have you seen it? I haven't really read into it much | |
Ian W |
posted on 28th Mar 15 at 16:25 |
Not really, if you get accepted you get plenty of benefits from having saved with them. | |
Tiger |
posted on 28th Mar 15 at 15:21 |
I don't quite understand how that scheme works then, it's pointless if they accept you for the scheme but not a mortgage isn't it? | |
Marc |
posted on 28th Mar 15 at 13:15 |
Thats the point of the save to buy. You don't need the big deposit. | |
Tiger |
posted on 28th Mar 15 at 13:04 |
Wages aren't an issue as such as mine and missus combined wages could easily pay a mortgage and have done before, it's deposit that's impossible to save. | |
Marc |
posted on 28th Mar 15 at 12:41 |
There are a few save to buy accounts out there, but even they say you aren't guaranteed a mortgage at the end! | |
Tiger |
posted on 28th Mar 15 at 11:23 |
Any advice on which are the better schemes out there? |