There are no plans to extend the existing Help to Buy: Equity Loan. It will end on 31 March 2021. A new Help to Buy: Equity Loan scheme for first time buyers only will be available from 1 April 2021 to 31 March 2023. Check if you are eligible for the new Help to Buy scheme – click here
Click here for more information and guidance on Help to Buy: Equity Loan
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
Whilst MortgageAbility does not charge for mortgage advice, please note that there will be an administration fee for arranging mortgages. The precise amount will depend upon your circumstances but we estimate it will be £395, payable on completion. MortgageAbility gives you the option to pay a non-refundable fee of 1% of the mortgage loan payable with the application. If this option is taken, MortgageAbility will refund any commission received from the lender.