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To apply you will need to fill in a Property Information Form. You will need to provide personal and financial information, such as you income and details of the property, your proposed repayment mortgage and you deposit. The information you provide must be true.
This direct debit is to authorise your bank to debit the monthly fees which will fall due under the Equity Mortgage (which will be £1 per month for the first 5 years of the Equity Mortgage).
If you have previously sold a property or are in the process of selling one you will be all too familiar with the Property Information Form (PIF). The form essentially consists of a standardised list of questions intended to provide a prospective purchaser with information about the property.
This application form is used to assess your eligibility for Help to Buy: Equity Loan (2021-2023). If you are eligible, the information will be used to progress the purchase of your new home.
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