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Buying second home: Can I use Gov's HTB?

Star_Gazer
Star_Gazer Posts: 15 Forumite
First Post First Anniversary
in House buying, renting & selling
Hello,

I have a consent to let on my ex marital home, with a tenant in situ.

Can I purchase a new build using the Government's HTB scheme?

Comments

  • Marvel1
    Marvel1 Posts: 7,462 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 19 April 2020 at 7:37AM
    Seems no
    https://www.helptobuy.gov.uk/equity-loan/eligibility/

    Who is eligible?

    Equity loans are available to first time buyers as well as homeowners looking to move. The home you want to buy must be newly built with a price tag of up to £600,000.

    You won’t be able to sublet this home or enter a part exchange deal on your old home. You must not own any other property at the time you buy your new home with a Help to Buy: Equity Loan.


  • AdrianC
    AdrianC Posts: 42,189 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper
    If you can't afford to buy a home for yourself, then sell your let - or move back into it.
  • Star_Gazer
    Star_Gazer Posts: 15 Forumite
    First Post First Anniversary
    Tried that before, no interest, espically with COVID-19 about now...
    House is 70miles away from where I am.
  • DCFC79
    DCFC79 Posts: 40,641 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 19 April 2020 at 8:33AM
    Star_Gazer said:
    Tried that before, no interest, espically with COVID-19 about now...
    House is 70miles away from where I am.
    Its either the location, the price or the house eg presentation for lack of interest.
    Try it again once lockdown is lifted.
  • AdrianC
    AdrianC Posts: 42,189 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper
    Star_Gazer said:
    Tried that before, no interest, espically with COVID-19 about now...
    House is 70miles away from where I am.
    Everything will sell if it's priced correctly.
This discussion has been closed.
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