We accept applications on the Help to Buy London, Help to Buy England, Help to Buy Wales and Help to Buy Scotland shared equity schemes

Available to first time buyers and home movers to assist with the purchase of new build properties

Customers will need to provide a minimum 5% deposit from their own resources  - gifted deposits and the HTB ISA are acceptable

Max LTV 75% (80% in Scotland)

Maximum property value: £600,000 in England, £300,000 in Wales, £200,000 in Scotland

We are able to consider a remortgage transaction where the property was originally purchased on any shared equity Help to Buy scheme

Capital raising is available to staircase the equity loan, ideal for borrowers who can now afford a larger mortgage to reduce the HTB equity loan.

In England and Wales a minimum of 10% must be paid off the equity loan, 5% in Scotland.

Vida suggest a conveyancer is chosen that is familiar with staircasing remortgages to avoid delays

Max LTV 85%

We accept applicants on the Help to Buy Scotland Affordable New Build and Small Development Schemes

Max LTV 80% on purchase

Maximum property value £200,000

Customers will need to provide a minimum 5% deposit from their own resources  - gifted deposits and the HTB ISA are acceptable

Capital raising is available to staircase the equity loan, ideal for borrowers who can now afford a larger mortgage to reduce the HTB equity loan.

A minimum of 5% must be paid off the equity loan.

The Helping Hand proposition will allow parents or step parents to support their children in purchasing or remortgaging a property, being party to the mortgage and having their income taken into account as part of the affordability assessment without the need to go onto the title deeds.

The following criteria applies:

• This is available for first time buyers or home movers and remortgages across the residential Standard and Fee Saver range, including 90% LTV for FTB’s
• Up to 4 applicants. The supporting borrower(s) must be the parent(s) of one of the owner-occupiers. The child’s partner can also be on the mortgage and reside in the property
• The parent(s) must take and evidence Independent Legal advice before completion
• No guarantee will be taken in form of a second charge or ringfenced savings deposit
• Only borrowers named on the title deeds will occupy the property as their main residence. Parent(s) will live elsewhere.
• All applicants will be jointly & severally liable and responsible for the loan
• Owner Occupiers must be the main applicants, so add their names first when applying
• Allowable up to a 40-year term, and parents can go up to a maximum age of 70 years at the end of the term
• Can be combined with a wide range of Vida criteria, including gifted deposits, new build, self-employed, interest only, and credit blips
• The monthly direct debit will come from one account in the name of one of the owner occupiers
• Purchase at undervalue is not accepted, including Right to Buy

Note: Helping Hand is also known as Joint Borrower Sole Proprietor (JBSP)