We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 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
Options
Yello2011
Posts: 3 Newbie
Hi I'm looking for advice from anyone who has made home improvements while on a help to buy mortgage. According to help to buy this is a breach of terms and you're not allowed to do so? Has anyone gone ahead without permission and was there any implications when you remortgaged? For example a garage conversion or extension.
0
Comments
-
Bump.
I would be keen to hear any views on this as a help to buy (mortgage guarantee) user.
Graeme0 -
HTB Equity Loan Scotland and HTB Mortgage Guarantee are totally different.
Using HTB Equity Loan the Government owns part of your home and therefore has a say in what you can do to it.
HTB MG is not the same and your responsibility is only to the mortgage lender as it is with any other mortgage.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 -
Assume you are equity loan scheme Yello2011?0
-
HTB Scotland is equity loan and newbuild alone, same as Wales and England.Assume you are equity loan scheme Yello2011?
All the countries in the union have access to HTB - MG so no qualification of the country is needed.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 -
Yes Htb equity loan0
-
Hi, have you managed to get any clarification on this? I'm in a similar situation and would like to convert an integral garage but from the little info I can find, it appears to not be allowed - don't know if anybody has managed to get around it!
Cheers,
Ben0 -
Ben, did you go ahead with yours? Again, I’m in a similar position. I have called Agent of the HTB and been told we can’t do it... anything that needs either planning permission or building warrant can’t go ahead with works.... even though an internal garage conversion is not a major change - building warrant is required....
This is really frustrating - not sure if we will still go ahead or not....
Jen0 -
spend your money buying all of your property first.
Also improving a property that you only own part of means you pay for some of that improvement twice so you have to factor that into your costsings.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.8K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.8K Work, Benefits & Business
- 598.7K Mortgages, Homes & Bills
- 176.8K Life & Family
- 257.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards