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Forces Help to Buy (FHTB) and The Goverment Help to Buy Equity Scheme
lornz23
Posts: 168 Forumite
Apologies I didn't know which board I should post in either here or mortgages but I felt you guys over here would know more about this and maybe have some experience.
Does anyone know if you can use the Forces Help to Buy Scheme with the Government Help to Buy equity Scheme?
I have found some places that say yes you can some that say your can't. On the RAFF website it says you can but I saw on Nationwide that they don't accept this.
Has anyone used both to purchase a house? If so who is your provider and was it straight forward?
Many thanks in advance
Does anyone know if you can use the Forces Help to Buy Scheme with the Government Help to Buy equity Scheme?
I have found some places that say yes you can some that say your can't. On the RAFF website it says you can but I saw on Nationwide that they don't accept this.
Has anyone used both to purchase a house? If so who is your provider and was it straight forward?
Many thanks in advance
I am DEBT - FREE!?!?
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Comments
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AFAIK it's one or the other, not both.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
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Interesting, the Treasury says Forces Help to Buy can be used with the Help to Buy equity loan scheme as this is viewed as a financial transaction as opposed to being a mortgage product where a lender must purchase a guarantee. So this isn't the case in the real world of lenders?I am DEBT - FREE!?!?0
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It does appears a lender decision whether to allow them to be combined, rather than a scheme decision.
I suggest speaking to an independent mortgage broker for help with lenders who will permit this. One experienced in newbuild and armed forces personnel would be sensible if you are set on buying a newbuild.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 -
Hi
I'm a Forces Specialist and what you areafter can be done - but lender choice is very limited.
Where are you based?I am a Financial Adviser specialising in Mortgages, Protection, Health and Medical Insurance. I also write wills. All information posted on this site is for discussion only, and should not be taken as advice.0 -
Excellent. I was hoping you'd stop by!
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 -
kingstreet wrote: »Excellent. I was hoping you'd stop by!
A little birdie told me... ;-)I am a Financial Adviser specialising in Mortgages, Protection, Health and Medical Insurance. I also write wills. All information posted on this site is for discussion only, and should not be taken as advice.0 -
stephenni1971 wrote: »Hi
I'm a Forces Specialist and what you areafter can be done - but lender choice is very limited.
Where are you based?
Based in Suffolk - how many lenders currently offer this?I am DEBT - FREE!?!?0 -
That I have used - 2.I am a Financial Adviser specialising in Mortgages, Protection, Health and Medical Insurance. I also write wills. All information posted on this site is for discussion only, and should not be taken as advice.0
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