Help to Buy South West

Tuesday, 23-May-2017
Welcome>Do I qualify

Do I qualify

 

Am I eligible to buy a home using Help to Buy?

You should be able to say YES to ALL of the following statements.

  • My household income is less than £80,000 (this does not apply to the Help to Buy Equity Loan or Help to Buy Mortgage Guarantee schemes)
  • I am unable to afford to purchase a home suitable for my housing needs within a reasonable travelling distance of my work place
  • I can demonstrate access to savings or sufficient funds to pay, if required, a deposit (which may be 5% or more of the purchase price), legal fees, stamp duty and other costs of moving.
  • I am able to sustain home ownership in the longer term.
  • I am not already a home owner or named on a home mortgage.
  • I have a good credit history

 

Am I eligible to rent a home using Help to Buy?

You should be able to say YES to ALL of the following statements.

  • My household income is less than £80,000
  • I am unable to afford to purchase a home suitable for my housing needs within a reasonable travelling distance of my work place
  • I am able to save for a deposit towards home ownership in the longer term.
  • I am not already a home owner or named on a home mortgage.
  • I have a good credit history

 

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