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New House pt 2
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[quote][i]Originally posted by Steve[/i] Who cares, its my parents house. Some more info on help to buy equity loan as I had it wrong. You dont have to pay anything back on it, however you can choose to if you wish for the first 5 years its interest free if you can pay it off in that time. On year 6 you get charged a 1.75% fee per year. If you dont pay any of it back ever, when you sell the house the govt just take there share back from the house sale. The good thing is if the house prices tumble they also take a hit with how much they get back if you havent paid any of the equity loan off [Edited on 17-03-2016 by Steve] [/quote]
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