IS 2020 THE RIGHT TIME TO BUY PROPERTY? | Mortgage Broker Q&A| AD

Is 2020 a good time to buy? How much money can I borrow? What if i'm self-employed?
Welcome back to a new property video! Today's Q&A is in collaboration with The
Nottingham Building Society and I ask a mortgage broker some of your many
property buying questions. I want you all to feel prepared and ready to start your
property journey!
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To learn more about The Nottingham Mortgage Services and what they offer:
https://www.thenottingham.com/mortgages?utm_source=Influencer&utm_medium=YouTube&utm_campaign=JadeVanriel

To learn more about The Lifetime ISA:
https://www.thenottingham.com/savings/products/lifetime-isa/?utm_source=Influencer&utm_medium=YouTube&utm_campaign=JadeVanriel

The maximum you can save each tax year in a Lifetime ISA is £4,000. The Government will pay a 25% bonus ofup to £1,000 each tax year. You can withdraw money from a Lifetime ISA to buy your first home, or at age 60.Other withdrawals will usually mean you will incur a Government withdrawal charge This is 20% until 5th April2021 and 25% thereafter so you could get back less than you put in. Full Ts & Cs available at thenottingham.com.

To be eligible for the help to buy scheme the home you buy must be a new build from a
registered Help to Buy builder, have a purchase price of up to £600,000 in England (or
£300,000 in Wales), be the only one you own, not be sub-let or rented out after you buy it.
You will then need a 5% deposit and the government will lend you up to 20% (up to 40% in
London). You then need a mortgage of up to 75% for the rest (up to 55% in London). You
must pay back the loan after 25 years or when you sell your home - whichever comes first.
The amount you pay back depends on how much your home is worth (the market value).
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP PAYMENTS ON YOUR MORTGAGE.
There may be fees associate with mortgage advice from Nottingham Mortgage Services. Whole of marketmortgage advice is provided by Nottingham Mortgage Services Ltd; an appointed representative of QuilterMortgage Planning Ltd, which is authorised and regulated by the Financial Conduct Authority (see the FCAregister at register.fca.org.uk, reference No. 440718). Nottingham Mortgage Services Ltd is a wholly ownedsubsidiary of Nottingham Building Society and registered in England and Wales, No. 03089887. Registeredaddress: Nottingham House, 3 Fulforth Street, Nottingham NG1 3DL.

Видео IS 2020 THE RIGHT TIME TO BUY PROPERTY? | Mortgage Broker Q&A| AD канала Jade Vanriel