Head Office 01206 577 266 | Head Office Fax 08717 334 367 | Email us office@hdconsultants.net 
As you may or may not know, the deadline for the current phase of Help-to-Buy (HTB) government scheme is fast approaching. 
When you are applying for the HTB equity loan, after you have assessed affordability and found a mortgage suitable, there is a specific process involved before actually applying for the mortgage. 
 
(The equity loan is where the government lend you up to 20% of the deposit and you put in your 5% for the purchase of a new build home, this is however a loan and although no interest is charged until year 6, it will still need to be paid back at some point). 
 
This process is known as 'Authority To Proceed' and is where the HTB agent provides you with the formal notice that tells the mortgage lender you meet their requirements. This, at the moment takes around a week to get and you cannot apply for the mortgage until you have that authorisation. 
 
As the deadline is fast approaching, I can see the number of applications increasing in a last minute rush and making the authorisation process a bit longer so, if you or anyone you know are looking to make use of this scheme, you will need to get everything together as soon as you can. 
 
The deadline is set for the 15th of December. 
 
More info can be found here: 
https://www.helptobuy.gov.uk/equity-loan/equity-loans/ 
 
A new scheme will start in April 2021 but will only be available for first time buyers. 
 
If this is of interest to you and you’d like a no obligation informal conversation with a qualified advisor, please get in touch with me on 07500 871209 or email austyn@hdconsultants.net 
Share this post:
H D Consultants. Contact details here Live Chat webpage here Broker Log In / BrokerCentre here 
 
Head Office address; 109 Maldon Road, Colchester, Essex CO3 3AX (Administration Centre only) 
 
Your home may be repossessed if you do not keep up repayments on your mortgage. 
 
We normally charge a Professional Client Fee for mortgage advice. The amount will depend on your circumstances. A typical fee would be £500. The actual Professional Fee may be more or less than this, and is subject to a full Fact Find discussion and research process. H D Consultants is an Appointed Representative of PRIMIS Mortgage Network. PRIMIS Mortgage Network is a trading style of Personal Touch Financial Services Ltd which is authorised and regulated by the Financial Conduct Authority. Registered Office: Preston House, 163 High Street, Crowthorne, Berkshire, RG45 7AF. Registered in England & Wales. Company Registration Number 4952586. This site is for UK Consumers only. Website Terms and Conditions click here for our Privacy Policy. GDPR Privacy Policy - click here (PDF download / view) This site contains third party links. By clicking these links you will depart from the H D Consultants' regulated site. H D Consultants accepts no responsibility for the content of these sites.. The Financial Conduct Authority does not regulate some of the services listed. H D Consultants, mortgage and life insurance advisers, is authorised by the FCA no 403701. Our in house Wills and Trusts Practice is a long standing Member of the Society of Will Writers and Estate Planning Practitioners.  
FP Ref: 1425988 / 28.01.2021 
Long established, recognised and national nominees and award winners for our professional mortgage services; 
H D Consultants chosen Charity of the Year 2020 Essex and Herts Air Ambulance is a truly deserving, life saving team of people who rely on donations and (non-government) funded financial assistance. Join us in supporting EHAAT and helping them to continue to provide their service. https://www.justgiving.com/fundraising/hdconsultants-essexandhertsairambulance-2020 
Our site uses cookies. For more information, see our cookie policy. Accept cookies and close
Reject cookies Manage settings