Moving new build another new build - Help To Buy

grahamando

Hi,

Currently live in a new build with 20% HTB equity loan.

Looking to move into another new build (will have been 2-3 years). Is there anything preventing you taking another HTB equity loan? Obviously I’d have to ensure the original is paid off through the sale of the existing property first (20% sale price).

Has anybody had any experience of doing this? I imagine legally it’s quite a bit more work for the solicitors. I presume they’d allow you to submit an application again with the caveat the original loan is paid off first. Can this all be done though a selling and buying transaction?

Any advice or input would be appreciated.

Thanks
Graham

kingstreet

Nothing to stop you.

Sale and purchase completions must be concurrent, or first property sold beforehand.