We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Help to buy mortgages
Kilfonzo
Posts: 1 Newbie
Hi all,
We are looking to buy a home through Bovis using the help to buy scheme but it appears there is a lack of lenders signed up to the scheme. Currently only Halifax as I understand it...
To further complicate we would like to do a part exchange which Bovis are happy to do but it seems Halifax will not allow this as part of the help to buy scheme.
Does anyone know if any other lenders are signing up to this scheme soon and whether the part ex option is not applicable because the government are not allowing or whether the lender is averse to it?
Thanks in advance
Simon
We are looking to buy a home through Bovis using the help to buy scheme but it appears there is a lack of lenders signed up to the scheme. Currently only Halifax as I understand it...
To further complicate we would like to do a part exchange which Bovis are happy to do but it seems Halifax will not allow this as part of the help to buy scheme.
Does anyone know if any other lenders are signing up to this scheme soon and whether the part ex option is not applicable because the government are not allowing or whether the lender is averse to it?
Thanks in advance
Simon
0
Comments
-
Hi all,
We are looking to buy a home through Bovis using the help to buy scheme but it appears there is a lack of lenders signed up to the scheme. Currently only Halifax as I understand it...
To further complicate we would like to do a part exchange which Bovis are happy to do but it seems Halifax will not allow this as part of the help to buy scheme.
Does anyone know if any other lenders are signing up to this scheme soon and whether the part ex option is not applicable because the government are not allowing or whether the lender is averse to it?
Thanks in advance
Simon
The Help to buy scheme only got extended to non-FTBers about a week ago so I would imagine that you are going to have to wait and see what is going to happen with regards which lenders do what. Could be a couple of months until a better picture is formed and more competative rates hit the market thoughNow buying our second house:
Accepted offer 16/12/18. Offer accepted 26/1/19. Buyer pulled out 4/2/19. Accepted new offer 13/2/19
FTB: Offer accepted 23/2/2013 Mortgage application 28/2/2013 Valuation: 4/3/2013 Valuation ok 15/3/2013 Mortgage Offer 21/3/2013 Exchange 10/4/2013 Completion 26/4/21030 -
Have you got your application in to the HCA Homebuy Agent for your area?
AFAIK the lenders signed up to offer FirstBuy will continue on to offer HTB.
Speak to the Homebuy Agent, before you do anything else.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
This is from the Oribit site. This is the HCA Homebuy Agent for our area;-How do I apply for Help to Buy?
You do not need to complete the Orbit HomeBuy Agency application form if you are only interested in applying for Help to Buy. Once you have found a suitable property (newly built from a participating registered developer), you will need to follow these steps:
Fill in a Property Information Form - obtain one from a registered developer.
Complete the relevant reservation paperwork with the regstered developer.
Submit both forms to Orbit HomeBuy Agents by emailing them to us at hbd@orbit.org.uk (or post to us at Orbit HomeBuy Agents, Garden Court, Harry Weston Road, Binley, COVENTRY CV3 2SU).
We will issue a document called an Authority to Proceed.
NOTE – please do not apply for a mortgage prior to receiving this document
Your Authority to Proceed will then outline the next steps – please ensure you have read the Help to Buy “Buyer’s Guide”
At present part exchange is not available on the Help to Buy scheme. Your help to buy property must be your only property by the time of purchaser legal completion.
http://www.orbithomebuyagents.co.uk/main.cfm?type=HELPTOBUY2I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.6K Work, Benefits & Business
- 600K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards