Help to Buy equity requires which deposit options?

Help to Buy equity requires which deposit options?

• A. 5% only
• B. 20% only
• C. 5% and 20%
• D. 10% and 15%

Answer: (C)

Help to Buy equity is funded by a mix of your cash deposit, a government equity loan, and a mortgage. The scheme requires a cash deposit, and the amount you contribute can be either the minimum 5% or a larger 20%. The government then provides an equity loan of up to 20% of the purchase price (40% in London). The rest comes from a mortgage. So the deposit options you can realistically use with Help to Buy equity are 5% or 20%. Deposits of 10% or 15% aren’t defined as the standard options for this scheme.

Help to Buy equity is funded by a mix of your cash deposit, a government equity loan, and a mortgage. The scheme requires a cash deposit, and the amount you contribute can be either the minimum 5% or a larger 20%. The government then provides an equity loan of up to 20% of the purchase price (40% in London). The rest comes from a mortgage. So the deposit options you can realistically use with Help to Buy equity are 5% or 20%. Deposits of 10% or 15% aren’t defined as the standard options for this scheme.