Posted on: 27th Jan, 2009 07:10 am
Hi, me and the gf are looking at buying our first home. Well we found this house developer offering a deal called helping hand (Helping Hand 75/25) where we would own 100% of the house but would need to pay the other 25% of the flat value within 10 years, ie sell the flat and give the developer 25% of the value.
Can anyone give me more info on this scheme and where ever its a con in anyway?
We dont plan on living here for ever just to get on the housing ladder.
Thanks
Ant
Can anyone give me more info on this scheme and where ever its a con in anyway?
We dont plan on living here for ever just to get on the housing ladder.
Thanks
Ant
Hi macca,
I haven't heard much about the helping hand scheme. I would suggest you to go for a property which will be easier for you to afford. You can even save up your 20% deposit so that you can pay that as down-payment and purchase the property taking a conventional loan.
I haven't heard much about the helping hand scheme. I would suggest you to go for a property which will be easier for you to afford. You can even save up your 20% deposit so that you can pay that as down-payment and purchase the property taking a conventional loan.
thanks for the reply