Help to Buy - The Latest Guidance for Conveyancers

Introduction

It isn’t easy getting on the property ladder- we have seen the end of the Government Home Equity Loans (apart from redeeming them) for now but there are many other schemes available.

Apart from what may be available on the market generally, or from the Government, there is that old standby, ‘bank of mum and dad’ which is itself not free of potential problems. For the conveyancer there are many pitfalls to be aware of and it is timely to look at these in more detail.

What You Will Learn

This live and interactive session 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
• The Government Mortgage Guarantee Scheme - and the Help to Build Scheme
• 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, 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

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.