How much will it cost to buy through the Low Cost Home Ownership scheme?
Buying a property is expensive and applicants in the Hertfordshire area will have to have access to approximately £3,500 (more if you are a current home-owner) to cover the ‘one-off’ legal fees, stamp duty, mortgage arrangement fees, survey, moving costs etc. These costs should be funded through your own savings or from help via family/friends etc. without the need to take out a personal loan or borrow the money on your mortgage. We recommend you seek advice from an independent mortgage advisor to see if home ownership is a realistic option for you.
