Using Help to Buy at the wrong time can cost thousands

Users of the Help to Buy scheme could be paying up to £4,800 more than necessary for their property – by buying at the wrong time, consumer website MoneySavingExpert says. The scheme offers a five-year interest-free loan, after which homeowners are charged 1.75% in interest, rising each year by one percentage point plus RPI. But interest charges start to accrue the April after the interest-free period expires, meaning those buying at the end of the calendar year will be charged interest more quickly.

The Daily Telegraph (20/05/2019)