When do I have to repay?

January 23, 2020

 

10 THINGS ABOUT THE FIRST HOME FUND

 

7

 

No interest to pay on the equity share from the government. You need to remember that you will have to repay the equity share on the sale of the property. You need to make sure that you make you own plans to pay of the equity loan from day one. Treat the FHF as an opportunity for saving for the next move otherwise you might end up staying in the property longer than you want. START SAVING! Don't rely on the market.

 

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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.