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Doncaster Office

01302 341 414 Doncaster

Sheffield Office

0114 272 1884 Sheffield

Sprotbrough Office

01302 965875 Sprotbrough

Help to Buy Equity Loans

Please note: Help to Buy Equity Loans came to an end on the 31st of March 2023. All applications made prior to the 31st of October 2022 are still being processed, however, all purchases under this scheme must be completed by the end date of 31st March 2023.  

Help to Buy Equity Loans were only available for those buying a newly constructed home worth under £600,000.00. They were for people that did not own any other property at the time of application and a deposit of 5% was required. The government then lent up to 20% of the property value as an equity loan. Those who applied were then responsible for raising a mortgage of 75% of the balance of the purchase price. 

The first five years of the help to buy equity loan is interest-free. From year six, interest is charged subject to the help to buy lending criteria. 

Repayment of the equity loan must be made upon the sale of the property. 

Our conveyancing solicitors can advise clients on all aspects of help to buy equity loans, including assisting when a property that is subject to an existing help to buy equity loan is going to be remortgaged or if you wish to repay the help to buy equity loan. 

In cases where a property is owned by a married or cohabiting couple and a separation takes place, it is often necessary to transfer the property into one of the co-owners names. There is a legal process to undertake with the help to buy equity loan provider and our expert lawyers can undertake this on your behalf with little fuss. 

Please contact our conveyancing solicitors if you have any further questions by calling either 0114 272 1884 for our Sheffield solicitors or 01302 341 414 for our Doncaster solicitors or fill out our online enquiry form. 

For more information download one of our conveyancing guides.  

We can also help you with any of the following: 

Want to know more about Help to Buy Equity Loans? Call our property experts today

01302 341 414 0114 272 1884
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Doncaster 01302 341 414
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