Potential homeowners in the UK are being offered help to buy loans from the government. A reader asked an expert online whether the loans are good. The reader offered to help his daughter by giving her 50,000 pounds for a deposit on a 200,000 pound house. His daughter wants to use the help to buy loan method instead. The expert replied that the help to buy loans are not advantageous. She notes that interest rates for help to buy loans are higher than the standard. She recommended that the daughter take her father’s deposit and go for a standard loan.
Read more: Does the help-to-buy scheme really offer the best rates? – The Guardian