help to buy - mortgage guarantee

zaynab79 · Post by **zaynab79** » Wed Oct 02, 2013 1:04 pm

i am interested in help ti buy scheme - mortgage guarantee announced by government however i cant find any detail that immigrants can apply or not. is this considered public fund ?? are tier 1 (g) eligible to apply under this scheme

pmnagendra123 · Post by **pmnagendra123** » Wed Oct 02, 2013 1:32 pm

zaynab79 wrote:i am interested in help ti buy scheme - mortgage guarantee announced by government however i cant find any detail that immigrants can apply or not. is this considered public fund ?? are tier 1 (g) eligible to apply under this scheme

No it is not a Public Fund.

zaynab79 · Post by **zaynab79** » Wed Oct 02, 2013 1:54 pm

thank you so much for your quick response however can u mention any web link to confirm the same or eligibility for tier 1 (g) residents

pmnagendra123 · Post by **pmnagendra123** » Wed Oct 02, 2013 1:59 pm

zaynab79 wrote:thank you so much for your quick response however can u mention any web link to confirm the same or eligibility for tier 1 (g) residents

As this scheme was recently released there is no link to confirm it.

t1s2010 · Post by **t1s2010** » Wed Oct 02, 2013 3:59 pm

How did you check if it is not public fund then?

Some bank or other reference, you can confirm it on.

dandm · Post by **dandm** » Wed Oct 02, 2013 5:59 pm

I read on a blog site for a mortgage broker that specialised in securing mortgages for Tier 1 holders that this program is NOT available to immigrants.

Only logical when you think about it - this is a Tory vote buying policy, if they allowed it to get used by the public enemies that are the Tier 1 holders there would be scandalous articles about it in the Daily Fail.

romy4you · Post by **romy4you** » Thu Oct 03, 2013 12:23 am

there was an other scheme came couple of months ago that was home equality scheme .
but all these schemes u need to have ILR

karg_g · Post by **karg_g** » Thu Oct 03, 2013 12:46 am

Hi

One of my friend used this scheme to buy a new build property. However he has ILR. Previously it was available only for British Citizens.

Some Links: Read Pg 5 .

http://www.homesandcommunities.co.uk/si ... t_2013.pdf

Note: The Gov.UK states for Newbuy you need to be a UK citizen/ILR

Following links suggests it might be open to all:

https://www.gov.uk/affordable-home-owne ... uity-loans

https://www.gov.uk/affordable-home-owne ... guarantees

All the links suggest me that its not a public fund, because eventually you will end up paying back the Government. Furthermore there is not much of information available whether its public fund or not.

pmnagendra123 · Post by **pmnagendra123** » Thu Oct 03, 2013 11:46 am

t1s2010 wrote:How did you check if it is not public fund then?

Some bank or other reference, you can confirm it on.

Help top Buy is an Equity Loan. Interest Free (Security) for 5 Years to the Lender.After 5 years it earns interest for the Government if not paid in Full. and hence its a commercial scheme and not a Benefit Claim or a Public Fund.

Immigrationboards.com: Immigration, work visa and work permit discussion board

help to buy - mortgage guarantee

help to buy - mortgage guarantee

Re: help to buy - mortgage guarantee