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 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:
If you need financial advice and you live in the UK then you could contact the Money Advice service over the phone or via chat for impartial advice.
You can also contact the debt charity “Step Change” if you are in debt and need help.