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Allow the Help to Buy Equity Loan scheme to be used for any property

Submitted by Ryan Yates on Wednesday 25th November 2020

Published on Wednesday 27th January 2021

Current status: Closed

Closed: Tuesday 27th July 2021

Signatures: 98

Relevant Departments

Tagged with

Build ~ Building ~ Equity ~ Gov ~ Gov.uk ~ Help to Buy ~ IMPACT ~ Loan ~ property ~ Remove ~ Scheme ~ UK

Petition Action

Allow the Help to Buy Equity Loan scheme to be used for any property

Petition Details

Remove the requirement for a Help to Buy Equity Loan to used towards a New Build Property and allow it to be used towards any property.

Additional Information

The scheme as detailed in https://www.gov.uk/affordable-home-ownership-schemes/help-to-buy-equity-loan opens a real door to many to get on the property ladder in a sensible and managable way, however misses the mark by being exclusive to those only looking for a new build property.

To make the scheme have the most impact this requirement should be dropped and be allowed to be applied for against any property.


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