Help to Buy: Equity Loan closed to new applications on 31 October 2022. 

HTB Equity Loan enabled first time buyers to purchase their new home with only a 5% deposit.

No interest payments were payable on the help to buy equity loan for the first 5 years.  From year 6 onwards the interest charged is 1.75% per annum. For the initial percentage for the equity loan.

Available for the purchase of a newly built or developed property.

Can you remortgage with Help to Buy? How does it work?

Yes, even though the Help To Buy Scheme has closed for new applications, you can remortgage on the Help to Buy scheme.  A lot of people have reached five years since taking out a mortgage under the Help to Buy scheme and will be looking for a new deal.

Not all lenders will allow you to remortgage your property if you’re on Help to Buy but there are high street lenders that will.  How you remortgage with Help to Buy will depend on what you would like to do. If you want to keep your mortgage as is and get a new interest rate, it is quite straightforward as long as you approach the right lenders.

If you want to pay off the Help to Buy loan, that’s slightly different. It requires more work because you’re increasing your borrowing, so we need to find lenders that are happy with that.

Remortgage rates vary so much in price and benefits and trying to get the most suitable remortgage can be very time consuming. This is where Impartial can help you search the market for the best remortgage deals.

About Us

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Impartial Mortgage & Protection is an Independent Mortgage Broker and Insurance Brokerage.

Head Office

Enterprise House, Ocean Way,
Southampton, Hampshire,
SO14 3XB

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02380 221700

As a mortgage broker, Impartial receives a fee from mortgage lenders, which is normally a small percentage of the loan we arrange. We may charge a fee of £200 payable on application depending on the complexity and work involved in your case. Please see your fee agreement for details of the fee charged for your case. The fee agreement will be provided prior to gaining your agreement to proceed.

Impartial Mortgage & Protection Ltd is an Appointed Representative of The Right Mortgage Ltd, which is authorised and regulated by the Financial Conduct Authority. Impartial Mortgage & Protection Ltd. Registered office: Enterprise House, Ocean Way, Southampton, United Kingdom, SO14 3XB. This website and its content is copyright of Impartial - © Impartial 2016. All rights reserved. Company registration number 09648996

The guidance contained in this website is subject to the UK regulatory regime and is therefore targeted at consumers based within the UK.

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