The Help to Buy Funding step is only applicable if you are purchasing your property using a Help to Buy Equity Loan and is a mandatory step to complete. Here we will ask you how the Help to Buy funding is being allocated.
We will automatically display the agreed price, which the funding total must match. We'll then ask for the following amounts to be reviewed and amended if requie entered:
- 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%. For more information on the Help to Buy Equity Loan visit here.