Government playing the housing market

10 THINGS ABOUT THE FIRST HOME FUND

4

You need to repay the government when you come to sell. So if the FHH amount equates to 25% of the purchase price then you have to repay 25% of the sale price. So the government are now incentivised to make sure that the house prices continues to grow!

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. BRICKS AND MORTAR MORTGAGES LIMITED IS AUTHORISED AND REGULATED BY THE FINANCIAL CONDUCT AUTHORITY.