Help to Buy Schemes for Conveyancers - Potential Pitfalls Explored

Introduction

For those clients who have never got on ‘the property ladder’ and others, the task of finding appropriate finance and completing their home purchase can be a daunting experience. Government schemes to assist come and go, the mortgage market advertise special offers, and naturally the ‘Bank of Mum and Dad’ is resorted to.

There are many risks for the unwary conveyancer so it is timely to consider the potential problems.

What You Will Learn

This webinar will cover the following:

• Shared ownership schemes
• SDLT relief for first time buyers
• Redeeming existing help to buy equity loans
• Help to Buy ISA - was for first time buyers to raise a deposit but no longer available for new applicants
• 20% Discount via ‘Starter Home Initiative’, Armed Forces - MOD Interest free loans, Lifetime ISA
• Government Mortgage Guarantee Schemes which come and go - and the Help to Build Scheme. A word on 100% mortgages
• 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 and 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 pre-recorded webinar will be available to view from Wednesday 1st October 2025

Alternatively, you can gain access to this webinar and 1,800+ others via the MBL Webinar Subscription. Please email webinarsubscription@mblseminars.com for more details.