Under the current program, new homes are expected to be completed by the end of December 2020 – the extension means the deadline is now extended to February 28, 2021, helping thousands of customers get the keys to their new home. The deadline to close the sale remains the same – March 31, 2021. For some buyers, when it comes to buying their first home or a newly built home, there is a struggle to get the minimum deposit required. The government noticed this and came up with a solution to help first-time buyers and home movers move to a newly built property. This was called „Help to Buy“ and was done to give buyers the boost they needed to start their mortgage journey. Hello, we have just arrived at the end of the first 5-year period without interest and we are looking at the remortothe library options, can you confirm if it is possible to add additional loans to our mortgage while the equity loan is not yet in whole or in part? Or is it another restriction that we never knew about when we accepted help with the purchase of a loan? If we are able to consolidate some of our unsecured loans, we could afford to add half of the equity loan to the remorth. I understand that at the time of entering into a mortgage purchase assistance, I cannot have a residential property, but if I already have help to buy a property, can I get a buy-to-let mortgage for a second property? We must not only show us your mortgage, but also help you if you need advice regarding experts or lawyers. I have help to buy a mortgage and I am coming to the end of the first 5 years and I am looking for repayments. We have some equity in the property that we want to free up to pay off debts. It`s possible? Current lender is nstwest We hope to sell our home and use help to buy a new building, is it fair that we need to complete the purchase by DEcember 2020? For this reason, it is very beneficial to speak to your local mortgage broker in Halifax. For more information (including tips on fees and repayment of your loan), please download our Buyer Purchase Help (PDF): www.helptobuy.gov.uk/equity-loan/equity-loans/#sthash.bKMiSYhA.dpuf I have a question! If I want to knock down a wall in my house, I will buy within 5 years, I have not yet repaid the Help2Buy aid, can I do it? Anyone know? Thank you very much! Hello, I have authorized my purchase assistance and my property should be completed this year due to Covid 19, construction is now delayed, my owners tell me that the new scheme will come into effect in December.
I understand that this is not the case and that the new system is only in effect on April 1st, it is okay and there is a delay for people who have made a deal Thank you Hello Denise, We would like to help if we can. Contact us at firstname.lastname@example.org or 033 0088 2051 Thank you, Angela HomeOwners Alliance After 5 years of repayment of £1 per month for purchase assistance, how much do you repay a month later? Thank you There are many pros and cons of the Help to Buy program….