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
  • How fees are calculated
  • Fee collection
  • Paying fees
• Repayment: Repaying your FTBI loan by selling your home
  • Your Responsibilities
  • Financial Advice
  • Download First Time Buyers Initiative (FTBI) Information Pack
  • The Benefits of Repayment
• Staircasing: Repaying your FTBI loan in part or full to reduce your loan amount and fees without selling your home
  • The Benefits of Staircasing
  • The Process Explained
  • Financial advice
  • Your Responsibilities
• 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