The Government have updated their guidance notes for those looking to take their first steps on the housing ladder as the lockdown period enters its second phase (May 2020). There are many questions about what coronavirus means for Help to Buy: Equity Loan customers so the Government has released the latest answers they feel may be helpful.
To visit the guidance, click here
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
Whilst MortgageAbility does not charge for mortgage advice, please note that there will be an administration fee for arranging mortgages. The precise amount will depend upon your circumstances but we estimate it will be £395, payable on completion. MortgageAbility gives you the option to pay a non-refundable fee of 1% of the mortgage loan payable with the application. If this option is taken, MortgageAbility will refund any commission received from the lender.