Here we will ask you to enter the amounts to indicate how the Help to Buy funding is being allocated. This step is only applicable to buyer(s) who are using the Help to Buy purchase method in the Pricing step, however this is mandatory to complete and cannot be skipped.
We will automatically display the agreed price, which the funding total must match. We'll ask for the amount for the following funds:
- Deposit amount
- Mortgage Amount
- Help to Buy Equity Loan amount
We'll automatically list the minimum and maximum allowed for each fund. For example, the maximum Help To Buy Equity Loan amount for regions other than London is 20%, however, if your property is in London the maximum loan percentage you can be approved for is 40%. Your Help to Buy Region will be set in your development settings and so our platform will automatically set the correct percentage. For more information on the Help to Buy Equity Loan visit here.
Once this is completed, click 'Save & next' to move on to the next section.