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Residential Conveyancing - The Help To Buy Scheme

bannerjones solicitors How to buy a help to buy home Stage 1 - Application An application needs to be made to the local help to buy agent. The application includes a Property Information Form which shows details of the proposed purchase, main mortgage, deposit and household income. The Property Information Form also confirms your agreement to the funds due being paid directly to the house builder. You will need to sign the Property Information Form with a copy of the Builders Reservation Form which must be sent to the local home buyer agent. Authority to proceed The local home buyer agent assesses the application and if passed they will issue an authority to proceed. This is valid for 3 months and exchange of contracts must take place within this period. Stage 2 - Exchange of Contracts You will need to go through the normal conveyancing process with regard to the property but you will also need legal support with the signing of the help to buy equity loan agreement. Banner Jones can help you with this. We will need to check that the mortgage offer, property price and available funds are consistent with the authority to proceed and request permission to exchange contracts from the local home buyer agents. An approval is received before contracts can be exchanged. Stage 3 - Completion The agents pay the funds direct to the developer We return confirmation of the sale to the local home buyer agent who will then register the details with the post-sale home buyer agent We deal with the registration of the second charge. i.e., the loan Why Choose Banner Jones? 96% . THE LAW SOCIETY C FIXED FEE PROMISE Conveyancing Quality Fixed fee, One of the Experts in the conveyancing conveyancing Help to Buy clear and largest Check your 96% of our clients would competitive conveyancing charges Highly 5 Regional case online 24/7 accredited teams in Scheme recommend team offices Derbyshire us to a friend If you are considering buying or selling a home, contact one of expert conveyancing solicitors for specialist advice on the conveyancing process: Phone: 0333 200 2300 Web: Join our Social Networks bannerjones in You Tube 8+| solicitors CCREDITED

Residential Conveyancing - The Help To Buy Scheme

shared by bannerjones12 on Jun 18
Did you know, the help to buy scheme provides loans of up to 20% of the purchase price on a new home.


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