Help to buy

A question about : Help to buy

We've reserved a new build and are using help to buy equity loan. I need a bit of help please!

1. We have been recommended 'new homes mortgage group' by the new build company as a broker, but they charge Ј399. Should I just use L&C instead? You have to use a broker for help to buy.

2. Help to buy mortgages seem to be a full percent higher than normal ones, even though I have LTV of 50% including the help to buy money. Is that just the mortgage companies being cautious with help to buy customers?

Thanks!

Best answers:

• Whilst it may help your mortgage application, you dont HAVE to use a broker to use HTB.
  You can go straight to any lender so long as they are offering the HTB Packages.
• Some lenders HTB/Affordable Housing products are higher rated, others aren't.
  Your broker should be finding the right deal for you.