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Help to Buy Conveyancing

Making it to that first rung on the property ladder is not an easy thing to do. There are plenty of challenges to overcome and for most buyers the major one is having enough money to put down as a deposit and secure the mortgage you need. That is especially true for first-time buyers, but luckily help is at hand.

The Help to buy scheme is there to assist more people in taking those initial steps into the property market. The scheme is made up of different parts and your situation will determine which of those is best for you. We'll talk about that further down the page, but first it's important for you to feel fully supported during the process of buying your home.

We know that conveyancing can often seem complicated, and the Help to Buy factor sometimes only adds to the confusion. That's why you need a specialist Help to Buy solicitor to do all the heavy lifting and guide you along the way.

At Homeward Legal, we work with a nationwide panel of property lawyers who are expert Help to Buy scheme solicitors. Read on to find out more about the initiative itself, how the Help to Buy conveyancing process works, and how we can help you achieve your dream of home ownership.

What is the Help to Buy scheme?

The Help to Buy scheme is a government initiative designed to enable more people to purchase their home. The scheme is aimed primarily at first-time buyers, but it can provide assistance to others in different ways:

  • Help to Buy equity loan: In England (there are equivalent schemes for the rest of the UK), this allows first-time buyers to secure a mortgage with a 5% deposit. You borrow up to a further 20% (or 40% in London) from the government, which then owns an equity share until you repay that loan. Check out our comprehensive guide to the Help to Buy equity loan for more information.
  • Mortgage guarantee scheme: The government offers a guarantee to lenders on 95% mortgage products, meaning buyers can purchase a home with a 5% deposit.
  • Shared ownership: This option applies to England only, however there are equivalent schemes in the rest of the UK. It allows you to buy between 10% and 75% of your home and pay rent on the remaining share. You can then purchase a larger share of the property later down the line. Take a look at our guide to shared ownership for further details.
  • Right to Buy: Tenants in council properties are offered a discount to help them purchase the home they are currently renting.

We often find there are a lot of misconceptions about the Help to Buy scheme. Here, we dispel some of those myths:

“It's only for first-time buyers.”

No, a Help to Buy equity loan is only for first-time buyers, but other parts of the scheme - such as the mortgage guarantee - are available to people who already own a home or have done so before.

“It's only available on brand-new properties.”

This is not accurate. Help to Buy equity loans are for new-builds only, but you can now get help with purchasing a property of any age through the mortgage guarantee scheme as well as Right to Buy and shared ownership.

“You can only get help if you are buying a cheaper home.” 

This is not true. The Help to Buy equity loan and mortgage guarantee scheme is available on homes worth up to £600,000. However, price caps do apply and these differ across various regions. For example, the full property price limit in the North East is £186,100 whereas in London it is £600,000. Check out the eligibility criteria for a Help to Buy equity loan to see which cap your home falls under.

“Help to Buy is only available in certain areas.”

The Help to Buy scheme is available across all of the UK, although England, Scotland, Wales and Northern Ireland each has its own versions, offering support in different ways. We offer Help to Buy conveyancing services in England and Wales, and you can follow the links below to find more information based on your region.

“You can only get mortgages through a few lenders.” 

This is partly true, as not all lenders have joined the scheme. However, those that have joined include all the major high-street banks as well as some other lenders, so you have plenty of choice.

“You will have to make higher mortgage repayments.” 

No, the monthly mortgage repayments will be calculated in exactly the same way as for any other mortgage. Of course, the exact amount you pay will depend upon the amount you borrow and the interest rate applicable, but you can get a quote before making a full application.

What restrictions apply to the Help to Buy scheme?

  • The property must be for your own occupation. You can't let it to anyone else.
  • You cannot own another property anywhere when the purchase and mortgage are completed. You can own a home that you will be selling at the same time as you complete the purchase.
  • Your mortgage must be a repayment one, not interest only. The scheme also excludes offset and guarantor mortgages.
  • You can't use the mortgage guarantee scheme with any other initiatives such as equity loans or shared ownership. Nor can your deposit for the property come from a government scheme.

There is an awful lot to consider when buying a home, and getting your head around some of the restrictions mentioned above can make for an extra headache. That's why you need an expert Help to Buy solicitor - someone who has been through the process before and has the experience to guide you.

Homeward Legal's nationwide panel of property lawyers are all well-versed in Help to Buy conveyancing and can help put you on the road to homeownership. Call us today on or get a quote through our simple online form.

What is Help to Buy conveyancing?

Conveyancing refers to all the legal formalities and paperwork that comes with purchasing a home. There is a lot to take care of and if you're using the Help to Buy scheme then it's likely there will be additional administration involved. This needs to be handled by a professional, which is where our nationwide panel of Help to Buy solicitors come in.

What do Help to Buy solicitors do?

Our Help to Buy scheme solicitors will do most of the heavy lifting when it comes to sorting all of the paperwork associated with buying a home. As part of their role they are likely to:

  • Confirm your ID
  • Ask to see a mortgage offer as well as details of your Help to Buy support
  • Request searches on the property
  • Agree a completion date and exchange contracts with the sellers
  • On completion day, arrange for keys to be collected and funds to be transferred
  • Register you as the new owner with the Land Registry
  • Pay any Stamp Duty Land Tax (in England) or Land Transaction Tax (in Wales) on your behalf

We want to make your life as stress-free as possible. Understanding conveyancing and the Help to Buy scheme can be tricky enough, which is why we've made it perfectly simple to get a quote for our services.

All you have to do is head to our online form and fill out a few basic details about yourself and the property you wish to purchase. Within a few seconds, you'll have your quote on-screen, with the various fees broken down. We'll also email you a copy of the quote so that you can read it over at a time that's convenient for you.

Of course, if you'd rather speak to us over the phone, just call and we'll be more than happy to talk you through everything you want to know about Help to Buy conveyancing fees.

How much are Help to Buy solicitors fees?

The cost of instructing a solicitor for your Help to Buy purchase is likely to vary depending on a number of factors, including the value of the property. Unfortunately, that makes it very difficult to offer a straightforward answer to this question. The easiest way to figure out your Help to Buy solicitor fees is by getting an instant quote through our simple online form.

However, these are some of the services that will typically contribute to your Help to Buy conveyancing fees:

  • Help to Buy breakdown
  • Legal fees
  • Stamp Duty Land Tax*** (in England, Land Transaction Tax in Wales)
  • ID checks
  • Registration of title fee
  • Bank transfer fee
  • VAT

The Stamp Duty Land Tax Holiday of up to £500,000 ended on the 30th June 2021. However, there is still temporary relief in place until 31st September 2021 up to £250,000, with the stamp duty rate ranging from 2% to 12% of the purchase price in England and Northern Ireland. After then, stamp duty will revert back to the normal threshold of £125,000.

Can you use a Help to Buy ISA for solicitors fees?

The Help to Buy ISA has been closed to new applicants since November 2019. However, anyone who opened an account before that date can continue to save until November 2029 and claim their 25% government bonus by November 2030.

The bonus funds you receive - which are capped at £3,000 - must be spent on the completion of your property. It cannot be spent on your Help to Buy solicitors fees.

“Our expert friendly team are on hand 7 days a week to help match you with a conveyancing solicitor, and ensure your purchase progresses. Over the years we've helped thousands of local homeowners throughout England and Wales with their legal conveyancing needs, and we are always looking for ways to make the conveyancing process simple and straightforward.“

Hari Keogh, Customer Support Team Leader

Get in touch about Help to Buy conveyancing today

There's a lot to think about when purchasing a home, but our panel of expert Help to Buy solicitors will be there for you every step of the way. They'll be on hand to explain the details of the scheme, as well as talk you through the Help to Buy conveyancing process from start to finish.

Our panel has a wealth of knowledge and experience, so why not today or call us on and we'll help you achieve your dream of home ownership.

Your Fixed Legal Fee** quote from Homeward Legal ensures that you pay no more than we have quoted you for and is based on the information you’ve provided to us being true and accurate.

There are specific circumstances on a minority of transactions that may require additional charges that could not be foreseen at the outset.

A list of those charges and explanations can be found here with details of the potential cost. These will only be charged following discussion with your conveyancer with a clear explanation of what they are for.

No Completion No Fee is our promise that in the unfortunate event that your property transaction falls-through you will not be liable for any of the conveyancer’s fixed legal fees for the work completed.

To secure this benefit a fee, already included in your quote, is taken upon on deciding to go ahead with your transaction.

Should your transaction fall through, for whatever reason, we can hold this amount on account for your next transaction or provide a refund.

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