Is this comes under Public funds or any benefits??

[rajsingh04]

Hello Everyone,

At the moment i am on Tier 1 which has been extended on 30th April 2013 until 2016. ILR due in april 2016.

I would like to buy a house and want to use the first time buyer scheme with 5% deposit and govt will provide 20% share on it as a loan which is tax free for 5 years and if it has not been paid in 5 year than interest will be charged.

Please see the below and share your views:

https://www.gov.uk/government/policies/ ... ime-buyers

Many thanks to all.
raj

[karg_g]

Hi,

I was under the impression that this only applies to UK Citizens. As far as I understand this is nit benefit because there is a repayment clause.

Bottom line you need to wait until u get ur citizenship.