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Help to Buy Mortgage equity/guarantee eligibility
Stephanie20
Posts: 1 Newbie
Hi All
Quick question
I previously brought my first property with the first buy scheme, it has come to that time when we need to move on from our two bed to a bigger home. We have looked at another new build under a different builder, my question is could we use the new help to buy scheme for this move as scheme now supports home movers aswell as first time buyers, But as we have already had support from the government on a firstbuy scheme would we be eligible?
Thanks for you help
Quick question
I previously brought my first property with the first buy scheme, it has come to that time when we need to move on from our two bed to a bigger home. We have looked at another new build under a different builder, my question is could we use the new help to buy scheme for this move as scheme now supports home movers aswell as first time buyers, But as we have already had support from the government on a firstbuy scheme would we be eligible?
Thanks for you help
0
Comments
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When you sell, the current equity loan and mortgage will be repaid.
You can use HTB - Equity Loan on a newbuild, or HTB - Mortgage Guarantee for a 95% mortgage, if you wish.
Use of FirstBuy/HomeBuy previously isn't a bar to using HTB now.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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