I run my own business with my wife, which we've been building over the last few years and this year looks like we'll actually have decent enough accounts to get a mortgage. We're private tenants having sold a house a few years back to fund the business, however the LTV for mortgages available to directors remains iffy. Our deposit isn't enough yet to buy a house at the value we're looking at although our income should be fine.
Does anyone know if the Help to Buy scheme that's coming in next year will be available to directors? From what I've seen, technically it should but in practice only specific mortgages will be available under the scheme and I'd bet on providers making directors an exception.
Does anyone have any insider info on this? Information I've found on Help to Buy remains sketchy at best - probably because the govt. don't seem to know what it's going to be yet - but surely the providers are already formulating products? How does it work for HtB with new build?
TIA
Does anyone know if the Help to Buy scheme that's coming in next year will be available to directors? From what I've seen, technically it should but in practice only specific mortgages will be available under the scheme and I'd bet on providers making directors an exception.
Does anyone have any insider info on this? Information I've found on Help to Buy remains sketchy at best - probably because the govt. don't seem to know what it's going to be yet - but surely the providers are already formulating products? How does it work for HtB with new build?
TIA