Help to Buy Equity Loan Explained | Pros and Cons | First Time Buyers
Another scheme to help individuals get onto the Property Market is the Help to Buy, Equity Loan. This scheme was introduced by the government in 2013 and it has helped purchase just over 270,000 across the UK.
In this video, we dissect the Equity Loan scheme by understanding key topics such as:
Who is eligible for the Equity Loan?
What exactly is meant by the term "Equity Loan"?
How to repay the Government?
Pro and Cons of the Equity Loan
If you want to checkout how much it actually cost to purchase property, I suggest you check out my earlier YouTube Video, where I shine a light on all the hidden costs when buying a house:
• How much you NEED to Buy a House! | F...
▶Financial Madness - Lifetime ISA Explained:
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▶MoneySavingExpert:
Help to Buy vs Normal Mortgage: https://www.moneysavingexpert.com/mor...
▶UK Government Websites
Help to Buy Equity Loan Statistics: https://assets.publishing.service.gov...
DISCLAIMER - Any advice or (statements perceived to be advice) given in this video and any other videos on my channel are for information purposes only, and does not act as financial advice. Your are fully responsible for your financial decisions. If you are in need of Financial Advice, please seek out a professional advisor. If your are unsure on how to do this, feel free to reach out to me and I am more than happy to guide you.