Can I Use Help to Buy More Than Once?
Help to Buy is a widely used scheme that makes it easier to put together a decent deposit on a property purchase and access more competitive mortgage deals.
While Revolution receives many enquiries about finding the best Help to Buy offers, we also deal with lots of queries about using the scheme more than once.
- Can I apply for Help to Buy with my partner?
- If I've used Help to Buy before, can I apply again?
- Is Help to Buy only for first-time buyers?
Here we'll answer all of those questions, and all you need to know about the scope of the Help to Buy system.
For more information and advice, give us a call on 0330 304 3040, or email the team at [email protected].
Can I Use Help to Buy Twice?
It depends which Help to Buy scheme you have used; some of the previous initiatives, such as the Help to Buy mortgage guarantee, and the Help to Buy ISA have been discontinued.
Other programmes remain current, so you need to know which scheme you have used in the past. That could be a Help to Buy equity loan, one of the discontinued schemes, or an alternative initiative such as shared ownership, or a bank product designed to help first-time buyers.
Help to Buy equity loans are one of the most popular options and are open to first-time buyers and home movers who are buying a new primary residence. If you already own a property, you need to have a confirmed sale of that home before you can apply.
If you have owned a property before, but since sold it, you can still apply for Help to Buy - although, from 2021, only first-time buyers will be accepted.
As long as a previous Help to Buy equity loan has been repaid, you can apply to use the scheme for a second time - although, don't forget that if you have owned a previous property and are no longer a first-time buyer, you won't be eligible from 2021 onwards.
2023-05-09 
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