• David Tarry MBA

Help to Buy is Changing

From 1 April 2021, Help to Buy (HTB) in England and London is changing. The current scheme offers home movers and first-time buyers the chance to purchase a property up to £600k with a 5% deposit, and an additional Government-backed loan of up to 20%, interest free for five years.

The new scheme is open to first time buyers only and there’ll be regional house purchase price caps.

This means the Help to Buy loan amount a customer can borrow will depend on the area they live in. Joint applications for the scheme must both be first time buyers. This will impact all HTB mortgages completing from 1 April 2021.

Help to Buy agents will start to take applications for the new HTB scheme from 16 December, which is when the new eligibility rules are introduced.

For more information, take a look at the Government dedicated site by clicking this link:


Hope that helps!

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David Tarry MBA

Merewood Financial Services

57 Park Road


United Kingdom

PO31 7LY


Or Call 01983 875151 - 0207 867 3990 - 0771 476 2597

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Merewood Financial Services is a trading style of David Tarry, who is an Appointed Representative of The Right Mortgage Ltd, which is authorised and regulated by the Financial Conduct Authority.  Telephone calls made to Merewood Financial Services and/or The Right Mortgage Ltd may be recorded and used for training and/or regulatory purposes.

Your home may be repossessed if you do not keep up repayments on your mortgage.  

Please ensure that you can afford the repayments before entering into a credit agreement.

We are not authorised to provide advice on Investments, Tax Advice, Pensions and Savings but can refer customers to a specialist who can assist in this area. The information contained in this website is subject to UK regulatory regime and is therefore intended for consumers based in the UK.  

Some forms of Buy to Let Mortgages are not regulated by the Financial Conduct Authority.

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