Moving forward with Help to Buy …..
“We have now updated our advice moving forward under the new administrators Homes England for your Help to Buy – please see here”
From the 16th June 2023, Homes England have appointed Lenvi as the new administrators for your Help to Buy Equity Loan.
In previous years this has been managed by Metropolitan Housing and more latterly Target/H.C.A.
The process appears to be the same or very similar but some of the terminology has been altered – The GOV.UK website now refers to managing or repaying your Equity Loan.
This is still your Help to Buy Loan but referred to more now as an Equity loan. For this you will still require a Help to Buy valuation or maybe now referred to as a Help to buy Equity valuation or indeed maybe just an Equity valuation for Help to Buy.
The valuations for any Help to Buy Equity loan will still need to be carried out by a Registered RICS surveyor.
There is no Customer information pack now but a comprehensive guide to managing or repaying your Equity Loan via the HM GOV website.
How to repay your Equity Loan using your own money