That it information relates to England. You will find additional suggestions for just how to apply for a security mortgage from inside the Scotland and ways to make an application for an equity mortgage inside the Wales.
Qualifications
- 18 or over
- a primary-time buyer
- able to pay the charge and you may appeal payments
- owned a house otherwise residential end in the uk or overseas
- had any kind regarding sharia mortgage money
If you’re hitched, inside the a civil relationship, otherwise cohabiting along with your mate (while thinking about carried on to call home with her), you must make a shared application.
- a new-create
- ended up selling by an assist to Get inserted homebuilder
- truly the only house you possess and you can live in
Addititionally there is a great limitation possessions purchase price’ limit into family you order established about what area it’s inside. You can purchase a house up to and including the maximum possessions cost maximum.
How it operates
- pay at least put of five% of the property price
Then you can acquire a security loan to fund regarding 5% or more in order to 20% of the property price of the freshly situated household. Leggi tutto “Paying back part of your guarantee loan”