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Help to Buy

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Application β†’ All guides

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A - Z of Application criteria
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Deposit sources
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Direct Debits
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Early repayment charges
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Interest
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Tenure
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Loan to income multiples
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Loan purpose
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Loan size
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Location
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Maximum LTV
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Mortgage Term
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Offer validity
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Overpayments
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Payment holidays
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Porting
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Rate switches
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Remortgage & Additional Borrowing
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Repayment methods
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Adverse Credit
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Age
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Applicants
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Asylum Seekers
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Boosters
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Commitments & Expenditure
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Customer Verification
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Dependants
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Expat
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First-Time Buyer
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Home Movers
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Non UK Nationals
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Overseas applicants
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Owners
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Retirement
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Students
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Vulnerable Customers

Income and employment β†’ All guides

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A - Z of Income types
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Contract workers
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Employed
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Foreign currency income
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Holiday Lets
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Minimum incomes
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Parental Leave
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Pay increases
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Pension
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Piecework
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Rental income
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Retirement income
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Self Employed
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Stipend Income
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A - Z of Property types
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A - Z of Purchasing schemes
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Bedroom count
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Construction types
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Current value
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Discounted purchase price
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Flood Risk
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Help to Buy
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Leasehold
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New builds
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New Build; Incentives & Part Exchange
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Property Charges
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Property values
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Retentions
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Tenure types
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Packaging guide β†’ All guides

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Employed income
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Parental Leave
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Self-employed income
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Sole traders income
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Address verification
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Additional support
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Identification
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Miscellaneous
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Occupier’s consent
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Proof of deposit
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Retirement plans and pension

Generation Home Products and Services β†’ All guides

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Registering on our panel
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Income boosters
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The Home Agreement
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Conveyancing
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ILA
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Toolkit for your clients
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Toolkit for you
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Tariff of Mortgage charges
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Terms of Business
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Privacy notice

Help to Buy

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Income boosters and deposit boosters are not available with Help To Buy.

We do accept applications using the Help to Buy scheme in England & Wales only.

What is the current Help to Buy scheme?

First-time homebuyers who meet the Help to Buy affordability and lending terms can borrow an equity loan of up to 20% (40% in London) of the sale price of a new build home.

The maximum purchase price depends on which region the property is in:

  • North East Β£186,100
  • North West 224,400
  • Yorkshire and the Humber Β£228,100
  • East Midlands Β£261,900
  • West Midlands Β£255,600
  • East of England Β£407,40
  • London Β£600,000
  • South East Β£437,600
  • South West Β£349,000

You must fund at least 80% (60% in London) of the sale price with a mortgage and at least a 5% deposit.

For further information, go to HM government website.

To ensure that the loan is affordable, you will be required to add an additional commitment (2% of the equity loan on an annual basis) under β€˜other’ commitments, which will be included within our affordability calculations.

The equity loan provider would be permitted to have a second charge on the property. No other charges will be permitted.

Help to Buy Remortgages

  • We accept applications in England and Wales only.
  • We allow capital raising repay a Help to Buy loan