Related Pages
- Subletting/2nd Home
- Alterations/Improvements
- Money Matters
- Further Advances
- Remortgaging
- Staircasing - Your Responsibilities
- Staircasing - Financial advice
- The Benefits of Staircasing
- Staircasing
- Repayments - Your Responsibilities
- Repayments - Financial Advice
- The Benefits of Repayment
- Repayments
- How fees are calculated
- Fee collection
- Paying fees
First Time Buyers Initiative (FTBI)
If you bought your home through the First Time Buyers Initiative (FTBI) please use the links below to find more information. If you have questions that are not answered here then please contact us.
- Fees: Paying fees on your FTBI loan
- Repayment: Repaying your FTBI loan by selling your home
- Staircasing: Repaying your FTBI loan in part or full to reduce your loan amount and fees without selling your home
- Remortgaging: Changing your lender without further borrowing
- Ownership Changes: If you are looking to
change the ownership of your property you purchased with the
assistance First Time Buyers’ Initiative (FTBI). As the FTBI
loan you received from the Homes and Communities Agency (HCA) is
registered as a 2nd charge on your property you must get their
permission for any change in ownership. Housing Options Plus
(HOP) has been appointed by the HCA to deal with all post sales
transactions on their behalf.
The HCA will allow a substitution of ownership or someone to be added or removed from the property as long as one original owner of the property remains. However, you should be aware that, as a general rule, a change to the ownership of the property will only be permitted once. - Further advances: Increasing your mortgage borrowing
- Alterations/Improvements/Repairs: Altering or improving your property and Paying for repairs
- Money Matters: Your financial responsibilities
- Subletting/Second
home: Subletting your FTBI home or buying a second
home
| The First Time Buyers' Initiative Buyers' Guide
(329 KB) |
Download Document |

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