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Using help to buy more than once

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  • amnblog wrote: »
    Ignore all the nonsense above Opera.

    Yes, you can move and sell, buying again using London Help to Buy.

    (London H2B is the 40% scheme, available only on properties inside London Boroughs, otherwise you are still looking at 20% max)

    Cheers for the help. I also emailed help to buy who confirmed this as well. For anyone else who has this question you need to have completed the sale of the existing and repaid the equity loan before being able to reapply.
  • kingstreet
    kingstreet Posts: 39,254 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Opera14 wrote: »
    you need to have completed the sale of the existing and repaid the equity loan before being able to reapply.
    You need to have agreed a sale. You can complete the sale and new HTB purchase concurrently.

    There is no requirement to sell and repay the equity loan before you reapply.
    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.
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