New borrowing limit in help-to-buy scheme leaves buyer in a spin

Q&A: Dominic Coyle answers your personal finance questions

Sun, Oct 23, 2016, 17:00

Dominic Coyle

Buying a house: just because the minimum requirement is 70 per cent does not mean you must borrow only 70 per cent. Photograph: Paul Faith/PA Wire

Buying a house: just because the minimum requirement is 70 per cent does not mean you must borrow only 70 per cent. Photograph: Paul Faith/PA Wire

I’m wondering how this grant should help people to buy a first house. The biggest issue is to save the 10 per cent deposit on the house up to a certain value. I hoped this rebate would help a lot but it looks like is useless help.

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