We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Help to Buy Equity Loan Advice

Herbie73
Herbie73 Posts: 24 Forumite
Third Anniversary 10 Posts Name Dropper
in Mortgages & endowments
Hello; the only way I can get on the property ladder and finally stop renting is using the equity loan, I have bad credit but my mortgage advisor has managed to find me an AIP if I have the equity loan. My question is whether the equity loan is subject to credit criteria? Our is help to buy wales. I can’t find any info on this anywhere and I’m worried that my credit rating will affect the help to buy loan. Can anyone put my mind at rest? Many thanks 

Comments

  • Runningmad
    Runningmad Posts: 79 Forumite
    Eighth Anniversary 10 Posts Name Dropper Combo Breaker
    Hi, I posted practically the same post yesterday. I've had some helpful answers so I hope you do to. 
  • K_S
    K_S Posts: 6,908 Forumite
    Fifth Anniversary 1,000 Posts Photogenic Name Dropper
    @herbie73 Afaik, your credit profile is not part of the eligibility criteria for H2B Wales.

    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. 

    PLEASE DO NOT SEND PMs asking for one-to-one-advice, or representation.

  • Herbie73
    Herbie73 Posts: 24 Forumite
    Third Anniversary 10 Posts Name Dropper
    Oh fantastic thank you so much. 
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354K Banking & Borrowing
  • 254.3K Reduce Debt & Boost Income
  • 455.3K Spending & Discounts
  • 247K Work, Benefits & Business
  • 603.6K Mortgages, Homes & Bills
  • 178.3K Life & Family
  • 261.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture