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Help to buy guarantee scheme

mcloughlin
mcloughlin Posts: 13 Forumite
in Mortgages & endowments
I just wanted some advice on the help to buy guarantee scheme that ends 31st December. How long does a bankruptcy have to be discharged to qualify for the scheme. I have been told 6 years by a broker but the gov site states 3? Does anyone have any experience or knowledge on the scheme that know the criteria?

Many Thanks.

Comments

  • Verix
    Verix Posts: 241 Forumite
    Sixth Anniversary 100 Posts Combo Breaker
    It is going to be down to the lender criteria more than that of the scheme itself. 3 years discharged is the minimum a lender would want.

    Good luck
    I am a Mortgage Adviser
    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.
  • mcloughlin
    mcloughlin Posts: 13 Forumite
    Thank you will go back to the lender and query it. As they are telling us due to the restrictions of the help to buy they cant lend to us as it has to be 6 years out under the help to buy. It's frustrating as we will be 6 years out by the time we complete.
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