Help to Buy interest payments and rate rises explained | First-time buyer guide скачать в хорошем качестве

Help to Buy interest payments and rate rises explained | First-time buyer guide

In this Help to Buy Equity Loan video, you will learn how interest payments and interest rate rises are calculated, and how you can reduce the amount of interest you pay on your loan. We cover both the old scheme, which ended in 2021, and the new model, which started in 2021. The Help to Buy Equity Loan scheme is a Government initiative which offers first-time buyers equity loans of up to 40% of a property’s value in London (and 20% in the rest of England) to buy new build homes For the first 5 years after you buy your home, there is no interest to pay on the loan. From year 6, you start to pay interest on the loan, but those payments don’t go towards paying off the loan. UPDATES & CORRECTIONS Homes England initial stated that the measurement that would be used for inflation on the new scheme was to be CPIH*, but they have since changed it to CPI**. I'll provide more information on the implications of this in a future video, but essentially CPI is CPIH without owner occupiers’ housing costs and Council Tax. (*https://www.gov.uk/government/news/ne... **https://www.gov.uk/government/publica...) CONTACT DETAILS Email: lemuelstudios@gmail.com Instagram: @SelfInvested_UK Twitter: @InvestedSelf LINKS MENTIONED/USED Help to Buy Equity Loan playlist-    • Help to Buy Equity Loan: helping you under...   Help to Buy Equity Loan Buyers' Guide - https://www.gov.uk/government/publica... Interest rate Calendar Lottery - https://www.moneysavingexpert.com/new... Inflation rates - https://www.ons.gov.uk/economy/inflat... Mortgage rates - https://www.statista.com/statistics/3... OTHER PLAYLISTS My Shared Ownership Experience (series) -    • My Shared Ownership experience: talks with...   Shared Ownership -    • Shared Ownership: helping you understand h...   Help to Buy Equity Loan -    • Help to Buy Equity Loan: helping you under...   CHAPTERS 00:00 Intro 00:34 Summary of the Help to Buy scheme 01:35 How interest payments are calculated 02:19 Interest rate & inflation: new vs old scheme 03:01 RPI vs CPIH: what's the difference? 05:38 How the interest rate rise is calculated 08:23 Does the Help to Buy interest rate rise quickly? 09:32 Impact of completion date on interest rate 13:43 Takeaways 16:16 Outro ABOUT ME I'm Lemuel. I'm not a financial advisor. I'm not an expert. I'm just a regular guy that enjoys talking about how we can do better with money. If you want to learn more about how you can do better with money, then subscribe to the channel and hit the notification bell so you get an alert whenever I upload a video. DISCLAIMER This video is not meant to address the specific circumstances of any particular individual. It is created for educational purposes only. You should not rely upon it as legal, financial or professional advice, or a substitute for it. I do not accept any liability whatsoever for errors, omissions or misstatements contained therein. You should consult a suitably qualified professional if you require specific advice or information.