(because people are confusing HtB1 - the equity loan scheme -

with HtB2, which is a mortgage guarantee scheme.

Suspect you were asking about the latter - under which there's no fee, or amount to be repaid to the government, or anything like that. All that happens is the government guarantees the bank that they'll repay them if you default on the mortgage. Has no implications for you, other than you get a mortgage with a very low deposit. (But the interest rate on the mortgage probably won't be as cheap as if you had a bigger deposit.)

Posted By: Tricky Hawes, Oct 8, 17:10:34