Help to Buy Explained

With the growing popularity around Help to Buy mortgages Ashley Clark helps clear a few things up and explains the fundamentals of a Help to Buy mortgage. For help with applying for one contact us at www.financialadvice.net/

[@imarkyaw534]

Incorrect at 3:47. You do not pay "1.75% of the original purchase price of the property". You pay 1.75% on the equity loan amt. Excerpt from www.gov.uk/affordable-home-ownership-schemes/help-to-buy-equity-loans: "In the sixth year, you’ll be charged a fee of 1.75% of the loan’s value. After this, the fee will increase every year. The increase is worked out by using the Retail Prices Index plus 1%."

[@humerafaisal7083]

You explained in an easy manner

[@createme11]

cant thank you enough for this. nowhere can you find such clear information.

[@noureddine309]

very clear all the information. you explain in such easy way . I thank you soo much.

[@charlesofori7682]

Great job well done for the information again great explain.

[@jonburns7299]

your'e incorrect that from year 6 you pay 1.75% of the purchase price. You pay 1.75% of the equity loan, in your example 1.75% of £20000, NOT 1.75% of the £100000 house purchase price.

[@DaveJudd]

Win Win for goverment,remember new properties can go down in value like new cars.

[@lodersracing]

New properties go down in value, so you pay back less than you loaned ?

[@suened]

PONZI BOLLOX TRAP.... VERY SIMPLE ....

[@AnthonyCasey20]

Is this a good scheme? (its good if prices fall, pay back the governments 20%) and then they rise again LOL LOL LOL

[@Wibbis]

This guy has contradicted himself twice during this video, should have written himself a script to follow