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 for joint application

crvs
crvs Posts: 179 Forumite
Ninth Anniversary Combo Breaker
in House buying, renting & selling
All,
I know how help to buy scheme works but not sure how it applies for joint apication. We will be considering joint mortgage application for our future house. My husband is not a first time buyer where as I am.
Are we or I eligible for help to buy scheme?

Thanks,
Vidhya

Comments

  • kingstreet
    kingstreet Posts: 39,243 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Neither help to buy option is limited to first time buyers, so it makes no difference if one is and one isn't.

    You can't be party to another home ownership beyond completion of the new mortgage though.
    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.
  • crvs
    crvs Posts: 179 Forumite
    Ninth Anniversary Combo Breaker
    We might have more than 5% deposit? Would that be an issue?

    Thanks
  • kingstreet
    kingstreet Posts: 39,243 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    No. Although if you have more than 10%, I would seriously ask yourself why you would use HTB - Mortgage Guarantee, as you'll get a lower rate on a 90% mortgage away from the HTB scheme.
    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.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.6K Banking & Borrowing
  • 253K Reduce Debt & Boost Income
  • 453.4K Spending & Discounts
  • 243.6K Work, Benefits & Business
  • 598.3K Mortgages, Homes & Bills
  • 176.7K Life & Family
  • 256.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture