North East Seagull
Active member
Morning all,
Do we have any Help to Buy experts in residence?
I am trying to (roughly) estimate the total cost of final repayment for a HTB loan taken out by a family member 9 years ago, so they can assess whether the cash offer the have received is high enough to be able to accept. I have had a good look on t'internet and can only find what appear to be calculators for monthly repayments should someone be looking to use HTB now. I think we have/can get all the relevant information needed: valuation, purchase price, principle borrowed via HTB, length of loan etc. but I simply cannot find out how the final repayment amount is calculated.
Any assistance the sages of NSC can offer would be very much appreciated.
Do we have any Help to Buy experts in residence?
I am trying to (roughly) estimate the total cost of final repayment for a HTB loan taken out by a family member 9 years ago, so they can assess whether the cash offer the have received is high enough to be able to accept. I have had a good look on t'internet and can only find what appear to be calculators for monthly repayments should someone be looking to use HTB now. I think we have/can get all the relevant information needed: valuation, purchase price, principle borrowed via HTB, length of loan etc. but I simply cannot find out how the final repayment amount is calculated.
Any assistance the sages of NSC can offer would be very much appreciated.