The government will work with its lending partner to determine how much of the loan’s funding would be available to the borrower after an equity contribution.
The government will work with its lending partner to determine how much of the loan’s funding would be available to the borrower after an equity contribution.
The shared equity scheme does not change the way first homebuyers are taxed. If you’re buying your first home, you may be eligible for a concession or exemption from stamp duty. If a person is not eligible for any duty exemptions or concessions, full duty is charged.
The process for applying to this help to buy scheme will be posted on the approved lending partner’s website by January 2023. When the scheme is open for applications, you will be able to apply on the website of an approved lender.
No, the homeowner cannot benefit from the two help to buy schemes. He would be able to enroll in the only scheme.