Help to buy

[tiar]

Hey guys I'm looking for so advise please 😃.
My partner and I are looking to buy our first house in the near future and I am torn between to options. First is I was looking into a help to buy scheme like shared ownership if i was to choose this option i would have enough money save by december and the second option was to save up a little longer and raise enough money for a 5% deposit for a mortage that i would own all of.I was wondering if anyone could give me some advise on my options maybe some pros and cons 😃 as i have heard mixed feeling about help to buy but i dont really know that much about it cheers guy.

unihorn Its more expensive to buy a home you lose money on or that is a money pit than renting. At least with renting the tenant doesn't have the burden of maintenance, which isn't cheap. This massive rush to buy and 'get on the ladder' is misguided for people who are lower income. If you qualify for HB it takes a lot for buying to be better.

There are so many factors that go into the decision to buy vs rent. Having a 5% deposit is low and higher risk. The OP will pay a premium for their mortgage and should fully understand the implications of this.

I've got help to buy.

What they don't tell you is the following:

• your limited in your remortgage options... you have to tell help to buy when you remortgage
• if you want to buy it out it's a minimum of £1k to get a surveyor then a solicitor