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Help to Buy Equity Loans

Help to Buy Equity Loans are only available for those buying a newly constructed home worth under £600,000.00.

With property prices at an all-time high, buyers are finding it increasingly difficult to raise a large deposit needed to secure a home. The government is aware of this problem and in 2013 initiated the help to buy scheme as a way to help those without a large deposit purchase their first property or move into a new home.

Provided that you do not own any other property at the time that you apply for help to buy equity loan and that you have a deposit of 5%, the government will lend to you up to 20% of the property value as an equity loan. You will then be 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 experts can advise clients on all aspects of help to buy equity loans which include making the application concerning a proposed purchase.

Our Conveyancing team can also advise and assist 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 couple or cohabiting couples, 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 that is a process which our expert lawyers can undertake on your behalf and with little fuss.

We have a range of experienced lawyers who can advise on the process of obtaining, transferring of redeeming your help to buy equity loan and completing the process of the same.

We are happy to discuss any part of the process with you as matters proceed so do not hesitate to give us a call.

For more information why not 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
Residential Property Team Headed up by Partner Mark Walton, our Residential Property team, based at both our Doncaster and Sheffield offices can help you with all your property legal needs from buying and selling your home to equity release Meet the team
We have been involved with Taylor Bracewell for the last 5 months, following the sudden death of a close relative. Probate was obtained quickly and efficiently, all the same with the conveyancing of his property. All the way through, we have been well informed of the legal requirements, and always kept up to date with progress. You have helped us greatly through this very difficult time and we really appreciate this. Many thanks for your kindness. Mr & Mrs Newman opening-speachmarks closing-speachmarks
Buying and selling a property is know for being stressful. Taylor Bracewell acknowledge this and worked with us to fill in the gaps when we were unsure. Having a direct telephone number to Richard was a huge help, he answered directly and always replied to our emails. With six sellers/buyers in our chain, the process was long but Taylor Bracewell's professional service eased the way to a very satisfying conclusion. I would have no doubts in recommending Taylor Bracewell as conveyancing solicitors. Mr & Mrs Whiteley opening-speachmarks closing-speachmarks
We would like to thank Mr Ellis, who handled the sale of a property for us, it was done very efficiently. H Burniston opening-speachmarks closing-speachmarks
As Taylor Bracewell were holders of my mothers will, after she passed away at the end of January we asked them to deal with the probate on her estate, and also the conveyancing on her property. They dealt with both aspects very professionally, quickly and with utmost kindness, support and friendliness by Sue Fletcher during a sad and difficult time for us. We would certainly use your services again. If anything proved difficult for us to understand, they were able to explain it and answer any queries quickly by phone and or email. Thank you both for everything. Mr & Mrs Garrett opening-speachmarks closing-speachmarks
Andrew Smith was very professional and kept us informed at all stages, would use again. N Seymour opening-speachmarks closing-speachmarks
Very pleased with the prompt and efficient service. Always replied to emails and phone calls quickly and very understanding and helpful. Thank you. Mr & Mrs Sharp opening-speachmarks closing-speachmarks
Thank you for dealing with the sale of our property, and the way you dealt with other people not as dedicated as yourself. Many Thanks. Mr & Mrs Taylor opening-speachmarks closing-speachmarks

Contact Our

CONVEYANCING TEAM

If you are looking for Conveyancing experts to help you with Residential Property Law needs, our team will give you a call back at the earliest opportunity. Alternatively, you can call our Doncaster office on 01302 341414 or our Sheffield office on 0114 272 1884
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