Thanks for this. It's crazy how complicated, convoluted, and expensive the repayment process is! Our HTB equity loan was just under £70k(!) so the only way to feasibly pay it back would be though remortgaging once the current rate ends, or by selling up.
i know , mines 75k , hoping to chip this in half and roll it over to my next remortgage , overpaying my mortgage now to make room for me to carry it over
@@lukmanm5380 recently remortgaged (before the Truss mob came in) and paid off the loan. It's put our payments up by a few hundred quid but feels good to have it sorted. Target HCA who manage the help to buy we're a bit of a nightmare, and held the entire process up by a good few weeks
Hi Sophie, I don’t know if you’re still advising on this process. What do I have to give the solicitor? For example my job contract, council tax, 9 months bank statements?
Is it worth waiting with major transformations of the property until its paid off to keep it's value low as possible so you have less to pay back? And how long typically do you have to pay it off?
Hi Hazel, can you do a video explaining how you did consent to let? I’m currently saving for my first home and looking to do something similar in the future.
This video is really informative and so glad I bumped into it. Can I just ask when you submitted you documents to the solicitor, what documents do they need in order to process? Because my partner has a loan he’s paying for will they want to know this even though we’ve got the money in the savings?
hey, really helpful video, thank you! I tried to do some research but I was trying to find out if i can use the money made from the sell of the property to pay the help to buy scheme? Not sure if you have any information on that. Thanks for your help.
Hey, love your finance videos! Would love to see you discuss 5% deposits now that they’re becoming popular again and any disadvantages to this as I’m currently looking at buying a flat with a 5% deposit but not a new build.
Well done for paying of the loan, this is so informative.💕 I live in Abu Dhabi but when I'm back I'm trying to decide what my options are if i want to go down the help to buy or just the normal route.
@@hazelwoodx did you have to apply for consent? Not sure if youre allowed to talk about tax & interest% but that would be really useful if you do do a video Xx
Yes I did have to apply for it with the lender! There was a fee to do so also. And I believe I could, I will have a think as tax as a whole is very complex as there are so many types but I could think about doing a basic video on what you pay as an employee or something like that! Xx
I had no idea you had to pay interest or pay it back!! I currently have the help to buy isa and have been saving into it to buy my first property! Thanks for the advice
Hi , it’s very helpful your video. Would you mind to tell my if you can repay your government loan in 2 years or it is just possible when it pass 10 years
Thank you for this video. It’s a great help. It’s really hard to find lawyer for me, can you suggest any. Companies? Also some one said to me we have ho so all the surveys again. Is that true?
The issue is that you would need to repay HTB within 5 years to avoid the interest, if investing you need to be aware there is risk with volatility so in the short term if you need to withdraw funds its typically not recommended to invest unless you can afford to withstand losses and hold the money for a medium to longer term
We paid our HTB loan last year and your videos hugely encouraged us to do it so thank you 😊 xx
This is amazing!!! Huge congrats 💗💗💗
Well done, I’m buying my first home on help to buy in a few weeks 🙈 this equity loan is scary
Thanks for this. It's crazy how complicated, convoluted, and expensive the repayment process is! Our HTB equity loan was just under £70k(!) so the only way to feasibly pay it back would be though remortgaging once the current rate ends, or by selling up.
i know , mines 75k , hoping to chip this in half and roll it over to my next remortgage , overpaying my mortgage now to make room for me to carry it over
@@lukmanm5380 recently remortgaged (before the Truss mob came in) and paid off the loan. It's put our payments up by a few hundred quid but feels good to have it sorted. Target HCA who manage the help to buy we're a bit of a nightmare, and held the entire process up by a good few weeks
@@its_just_lewis the comfort knowing you can keep all the rising equity and never have to deal with Target again, has to be a win.
Hi Sophie, I don’t know if you’re still advising on this process.
What do I have to give the solicitor? For example my job contract, council tax, 9 months bank statements?
Is it worth waiting with major transformations of the property until its paid off to keep it's value low as possible so you have less to pay back? And how long typically do you have to pay it off?
Hi Hazel, can you do a video explaining how you did consent to let? I’m currently saving for my first home and looking to do something similar in the future.
This video is really informative and so glad I bumped into it. Can I just ask when you submitted you documents to the solicitor, what documents do they need in order to process? Because my partner has a loan he’s paying for will they want to know this even though we’ve got the money in the savings?
I cant remember im afraid as filmed this years ago now!😫
Ugh yes another finance video!!!☺️☺️.. I have missed your finance videos ❤️
💗💗💗💗
hey, really helpful video, thank you! I tried to do some research but I was trying to find out if i can use the money made from the sell of the property to pay the help to buy scheme? Not sure if you have any information on that. Thanks for your help.
Hey, love your finance videos! Would love to see you discuss 5% deposits now that they’re becoming popular again and any disadvantages to this as I’m currently looking at buying a flat with a 5% deposit but not a new build.
Well done for paying of the loan, this is so informative.💕 I live in Abu Dhabi but when I'm back I'm trying to decide what my options are if i want to go down the help to buy or just the normal route.
wow the best video on this topic bar none , thank you!
Please can you do a video on converting to a buy to let mortgage? All the considerations and the process etc?
This isnt something I know about as I have consent to let, I didnt convert to BTL... but maybe I can research into it!
@@hazelwoodx did you have to apply for consent? Not sure if youre allowed to talk about tax & interest% but that would be really useful if you do do a video Xx
Yes I did have to apply for it with the lender! There was a fee to do so also. And I believe I could, I will have a think as tax as a whole is very complex as there are so many types but I could think about doing a basic video on what you pay as an employee or something like that! Xx
Fantastically informed! This is really putting me off buying a new build!!
don't!
I had no idea you had to pay interest or pay it back!! I currently have the help to buy isa and have been saving into it to buy my first property! Thanks for the advice
Hi , it’s very helpful your video. Would you mind to tell my if you can repay your government loan in 2 years or it is just possible when it pass 10 years
Thank you Hazel for the advice and insight👍
Glad it was helpful!
Thank you for this video. It’s a great help. It’s really hard to find lawyer for me, can you suggest any. Companies? Also some one said to me we have ho so all the surveys again. Is that true?
This is really informative and helpful Hazel x 💕
You explained this so clearly! Great video 😊
Thank you💗💗💗
Can I use my credit card money transfer facility also to pay off the remaining amount of help to buy. ?
Is it worth to pay in to isa to max out tax breaks, instead of paying down help to buy?
In the long run,equities outperform realestate?
The issue is that you would need to repay HTB within 5 years to avoid the interest, if investing you need to be aware there is risk with volatility so in the short term if you need to withdraw funds its typically not recommended to invest unless you can afford to withstand losses and hold the money for a medium to longer term
What happens if you just pay the interests and let the government take the 20% of the value of the house once you sell?
Thank you for sharing this information!! I am looking into buying a flat n I do believe this is going to help me a lot thank you Hazel 🙏🏾🙏🏾
❤️❤️❤️❤️
Amazing thanks so much for the info! Hoping to be able to do this option early next year 🙌🏻🤍
Thats ok! Thats an amazing goal💗💗
Woooo keep it coming girl xxx
This has helped me so much thank you!
I really do like your financial videos, would you be so kind to share more of them?
Thank you! What sort of topics would you like?
Saving to buy real estate and starting a business.
does this mean essentially that paying it off by moving house is probably easiest xx
It sounds easy, but once you pay the loan back you've eaten into the equity needed to by a bigger house, so you'll need to borrow more to fund it.
Such a useful video, thank you!!
💗💗
Great video thanks
Sooooo helpful, currently tipsy trying to manifest my life on a Friday and this has helped Hazel thanks!🤣💕
Hehehe 💗💗
Is HTB worth doing?
That is for you to decide based on your circumstances. Though it worked for me and got me on the ladder which I would not have managed without 😊
Do you know anything about shared ownership properties? X
Ive done a video all about it if you search xxxx
Really helpful, thank you x
Thank you💗
Love your channel
Thank you!!
Awesome video and I love you
Does this apply to London help to buy 40%?
It does but the 20% I refer to will be 40% 😊 so I believe the 40% can only be repaid in x 2 20% chunks
HCA have made 18k profit off our house in 4 years …argh
Come on 💪👍