So we went to look at a house today and for the first time ever we both loved it, it ticked every single box and subject to us getting the governments help to buy 20% equity loan it was affordable. Needless to say we were thrilled.
However, despite the property being a new build, (a help to buy requirement), it turns out that the builder has to register for this and as this property was a self build by the people who live next door they’re not registered for help to buy schemes and the deadline for registration was 31/07/20.
We could buy without the equity loan but it’d make it a lot more expensive and we’d need a 95% LTV mortgage and they appear to be like hens teeth at the moment.
Regrettably therefore I think we’ll have to pass on it, unless anyone on here knows of anyway round this?
I was wondering if smaller builders in this situation can sell their houses through a help to buy intermediary of some sort, who is already registered for the 2020 scheme? (The 2021 scheme is for first time buyers only so we wouldn’t fit the criteria).
Any suggestions gratefully received.
However, despite the property being a new build, (a help to buy requirement), it turns out that the builder has to register for this and as this property was a self build by the people who live next door they’re not registered for help to buy schemes and the deadline for registration was 31/07/20.
We could buy without the equity loan but it’d make it a lot more expensive and we’d need a 95% LTV mortgage and they appear to be like hens teeth at the moment.
Regrettably therefore I think we’ll have to pass on it, unless anyone on here knows of anyway round this?
I was wondering if smaller builders in this situation can sell their houses through a help to buy intermediary of some sort, who is already registered for the 2020 scheme? (The 2021 scheme is for first time buyers only so we wouldn’t fit the criteria).
Any suggestions gratefully received.