What Does A Help To Buy Solicitor Do?

The Help to Buy scheme was introduced in 2013. Since then, it has helped over half a million first time buyers get on the property ladder. But what is the Help to Buy scheme, and why do you need a solicitor to advise you on the Help to Buy scheme?

It’s important to note that the Help to Buy scheme isn’t just one thing. It is a number of schemes running to help first time buyers purchase their first home. There are ISAs, loans and shared ownership schemes that all come under the Help to Buy scheme.

The Help to Buy scheme gives people in the UK the opportunity to purchase a property with a deposit as low as 5%. It is a scheme that has been designed to help buyers that might not be able to purchase their own home otherwise.

While there are different options that full under the Help to Buy scheme, each have pros and cons, based on your personal circumstances. Our Help to Buy solicitor can help you better understand these options and how they could work for you.

For example, the Help to Buy ISA has been discontinued as of 2019. However, those that still have a Help to Buy ISA should speak to our Help to Buy solicitors. We can offer professional advice and guidance on how to manage this.

The Shared Ownership option is designed for people to own a share of a home. There is the Equity Loan which is available for brand new homes in Peterborough and across England. There is also a London Help to Buy option which is solely for brand new homes in London. Our Help to Buy solicitors are based in Peterborough. However, we have the skills and experience to advise on the London Help to Buy scheme.

The government website will lay out all the options available to you. However, to get real advice and guidance suited to your personal preferences and situation, arrange a meeting with our Help to Buy conveyancing team in Peterborough. We will take the time to understand your situation. We will help you make an informed decision on the best Help to Buy scheme for you.