Can I use the help to buy twice?

Yes, you can use the help to buy scheme twice.

Most people think you can’t.

This is because one of the eligibility requirements for the help to buy scheme is that you are a first-time buyer who doesn’t own any other property in the world. You will usually have to sign a first time buyer declaration.

But if you sell or are in the process of selling your property then using the help to buy equity loan or a shared ownership a second time is possible.

The help buy schemes include:

The shared ownership scheme

The help to buy equity loan

The help to buy ISA

The armed forces help to buy

The old peoples shared ownership scheme

The rent to own

The help to buy schemes which you cannot use twice are:

The Help to buy ISA

John Bate

John has 22 years of experience in financial services. This spans across financial research, financial services (As a qualified mortgage broker and underwriter), financial trading and sales at global investment banks. While working as a publishing research analyst, he covered European bank credit and advised institutional clients on investment strategies at both JP Morgan and Societe Generale. John has passed all three levels of the CFA (Chartered Financial Analyst) programme.