With effect from Monday 9th April 2018 Platform will participate in the UK Government’s Help to Buy Shared Equity schemes in England (including London) and Wales for mainstream purchase applications. Platform is unable to offer Help to Buy remortgage applications.
The schemes are available to buyers who are looking to purchase a new-build property, either as first time buyers or those moving home, and whilst they have the financial means to maintain their mortgage, they nevertheless experience difficulty in purchasing their desired property because of their inability to raise privately the required deposit. Platform’s participation in the schemes will therefore assist prospective purchasers by allowing them to take out also a Help to Buy Equity Loan by way of a second charge.