The Government has issued Information for Help to Buy: Equity Loan customers affected by the current economic conditions.
The aim is to answer many of the questions being posed about what coronavirus means for Help to Buy: Equity Loan customers. Questions include whether a customer using a Help to Buy: Equity Loan to buy a home, can still go ahead during the lockdown and will a Help to Buy: Equity Loan Authority to Proceed remain valid if a customer can’t move during the lockdown? The website also addresses the question about customers struggling to pay the interest fees on their Help to Buy: Equity Loan, and how to apply to put these payments on hold for up to three months.
To read the full Q&A from the Government – Click here