During the process of buying a home, you will need financial and legal help from qualified professionals.
If you are considering buying a home, it’s a good idea to contact an independent financial adviser or a mortgage adviser.
They can offer advice about your financial situation and explain what you can afford to borrow, based on your income and outgoings.
You can find a financial adviser or mortgage adviser, near to you on the Financial Services Register.
A range of tools and calculators are also available from the Money Advice Service.
Please remember, your home may be repossessed if you do not keep up repayments on your repayment mortgage, equity loan and other loans secured against it.
To buy a home, you must appoint a conveyancer to act on your behalf. They will:
• handle the house purchase for you (legally transferring the title to you)
• explain the terms of your Help to Buy: Equity loan contract
• communicate with the homebuilder’s conveyancer on your behalf.
It is worth noting that you will need to pay for the costs of local searches and your legal fees.
If you would like more information about the home buying process with Help to Buy schemes, please:
• Access a copy of the homebuyer’s guide to Help to Buy: Equity Loan (2021-2023)
• read our frequently asked questions about shared ownership