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How can i get finance as a second time buyer?
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I purchased my flat through the governments Homestake scheme, which gave me a grant of £30k to use along with my deposit and mortgage. This gave me approx. 72% equity with the rest being paid back to the scheme when I could or when I sell the flat. However, now I'm in the trap of getting extra finace to move up the property ladder - I'm stuck with having to repay this amount and find it again to put against my next property. Are there any schemes out there for people in my position? Its all very well having these schemes to help first time buyers but what happens when they need to move up? Thanks anyone.
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For more on marking an answer as the "Best Answer", please visit our FAQ.well to be honest you are in the same position as anyone who wants to move up the property ladder and bought when house prices were more than they are now, except you didn't struggle to find a deposit when you first bought. You need to save up, or stay in the same place or get a bigger loan to value mortgage
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