The Sun is looking for case studies of people in this position below, any clients or people willing to chat to The Sun?Thousands of buyers who used the Help to Buy scheme in 2021 are approaching the end of their initial interest-free period and are set to face a double payment hit.Research found more than a third (36.5%) of the Help to Buy purchases arranged in 2021 have their initial mortgage deal ending in 2026 or 2027. That's around the same time the equity loan starts charging interest, which begins in year six. That is two payment rises landing together: a new mortgage rate, almost certainly higher than the one they locked into in 2021, and a fee of 1.75% of the original loan, which rises every year after that.On a £60,000 equity loan, that's about £1,050 in the first year. Three in four (76%) of those 2021 Help to Buy purchases were flats.<ul><li>Do you have any case studies of anyone in this position to speak to The Sun?</li><li>Any clients or anyone else you know?</li><li>Comment below and The Sun will be in touch.</li></ul>Responses asap.

residential property

commercial property

planning

rental market

landlords

rip-off landlords

property porn

property management

House prices

Housing market

holiday lets

office space

commercial office space

office leasing

office rentals

office working

surveying

scrapstampduty

Property118

Development finance

buy-to-let

property

expat mortgages

foreign national mortgages

mortgages

The Sun request: Any case studies of people who did Help to Buy in 2021 and are about to face double payments

0 responses from the Newspage communityCopy all

0 responses from the Newspage community
Copy all