Help to Buy schemes

All applications where any applicant is self-employed will be limited to 90% LTV

We support the following:

  • Remortgage applications to redeem a Help to Buy: equity loan in full from the Help to Buy schemes in England, Scotland and Wales.
  • Help to Buy: ISA as a source of deposit for first time buyers.

We also support the Forces Help to Buy scheme but currently this is only available through our telephone channel.

We accept remortgaging to redeem a Help to Buy: equity loan in full from the Help to Buy schemes in England, Scotland and Wales.

Key criteria

  • Maximum 90% LTV.
  • Where LTV is over 85%, the money can only be used to redeem the first mortgage and the equity loan.
  • Standard remortgage lending policy applies.
  • We don't accept remortgage applications where the equity loan will still exist. For example, we won't allow partial staircasing.

Important Information

Your client must have paid for their RICS valuation (or a valuation by a District Valuer in Scotland) and have received a redemption quote from the scheme administrator before you complete a remortgage application.

Submitting an application on Introducer Internet

Within Introducer Internet > AIP > Loan purpose details, select 'Remortgage and redeem Help to Buy: equity loan in full'. 

To avoid delays, once your client knows who the conveyancer is they need to make sure they pass those details on to the scheme administrator straight away.

Useful links

The Help to Buy: ISA is a government scheme designed to help first time buyers (FTBs) save regularly towards a deposit for their first home. It's a tax-free savings account offering a 25% bonus paid by the government when they purchase their home.

The scheme closed to new applications on 30 November 2019. However if your client opened one before then they can continue to save into it until 30 November 2029.

For more information, visit https://www.gov.uk/help-to-buy-isa

Key criteria

  • Available to FTBs purchasing a UK residential property only.
  • Bonus available on purchases up to £250,000 outside of London and up to £450,000 in London.
  • Maximum government bonus of £3,000 on a balance of £12,000 per person applies. If 2 FTBs are purchasing together, they can both have an individual Help to Buy: ISA. That's a combined reward of up to £6,000.
  • To be eligible for the minimum government bonus of £400, the customer must have a minimum balance of £1,600 saved in their Help to Buy: ISA.
  • The government bonus must be claimed before 1 December 2030.
  • Holding a Help to Buy: ISA does not guarantee a customer a mortgage in the future.

All conveyancers on our panel have been invited to join the scheme. They can register directly with Lender Exchange.

Submitting an application on Introducer Internet

  • Within Introducer Internet > full mortgage application > loan required > loan deposit details, select 'Help to Buy: ISA' as the source of deposit.
  • Make sure you enter the total ISA amount including the bonus.
  • Please select this option even if your client's deposit is coming from other sources in addition to the HTB: ISA. Make sure you enter the combined total deposit amount.