Do I qualify for Help to Buy?

12th March 2020

To qualify for the government’s Help to Buy: Equity Loan scheme, you’ll need to satisfy the following key criteria:

  • You must have at least 5% of the sale price of the property to use as a deposit.
  • The new home must be valued at less than £600,000.
  • It must be a new-build property.
  • It must be your only property.
  • The property cannot be rented out to tenants.
  • When you sell the property, you must repay your equity loan at the same ratio as you borrowed, i.e. if you borrowed 20% as an equity loan, you’ll repay 20% of the sale price.

If you need help understanding Help to Buy or would like to know if you’re eligible for a Help to Buy: Equity Loan, talk to our expert mortgage advisers and we’ll help you make it happen. Call us on 08454 500200 or click here to get in touch.

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Gavin Andrews at Charters Financial Services has previously provided us with great advice for our mortgage and protection products. He is very knowledgeable, proactive and professional. We would highly recommend and use him again.

Luke Smith

August 2020

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