Help to Buy Schemes - Current Guidance for Conveyancers

Introduction

Many first-time buyers and others find raising the finance and buying a home a daunting task.

From time to time the Government step in with special schemes, lenders often market favourable terms and where they are able to do so, parents and in-laws may offer to help out. None of this is without some risk and potential pitfalls so it is timely to consider the potential problems.

What You Will Learn

This webinar will cover the following:

• 100% mortgages - slowly making a come back
• Shared Ownership Schemes
• SDLT relief for first time buyers
• Redeeming existing Help to Buy Equity loans
• Help to Buy ISAs
• 20% discount via ‘Starter Home Initiative’, Armed Forces - MOD Interest free loans, Lifetime ISA
• The Government Mortgage Guarantee Scheme - and the Help to Build Scheme
• An overview of the Government Right to Buy Scheme
• Government First Homes Initiative
• Bank of ‘Mum and Dad’ - helping raise the deposit, is it a gift or a loan, where is the money coming from
• Declarations of Trust - what should go in them
• UK Finance conditions and mortgagee attitudes to gifted deposits
• Fraudulent ‘gifts’ to dupe the lender and what can happen if the donor of the deposit becomes insolvent

This webinar was recorded on 26th September 2023

You can gain access to this webinar and 1,700+ others via the MBL Webinar Subscription. Please email webinarsubscription@mblseminars.com for more details.