The Open Market HomeBuy Product
- Open Market HomeBuy Flyer
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Please Note:
- The government charge ranks behind the Halifax charge.
- The customer may only buy out the equity loans by paying off the whole amount due under the equity loan.
- The customer may not repay the conventional loan in full before the equity loan.
- An Early Repayment Charge will apply for the first 5 years on the conventional loan on a 5%/5%/4%/3%/2% basis.
- An Arrangement Fee of £599 applies.
Please Note:
For information on current rates as well as Bank of England Base Rate and Standard Variable Rate please see our product matrix.
- The FSA regulate the mortgage lenders involved in the Affordable Housing scheme. The Loan from the HomeBuy Agent is not regulated.
- Halifax documentation for the customer will not include information about their HomeBuy Agent equity loan. Your client must ask their HomeBuy Agent for more information on this part of the loan.
