Help to Buy: mortgage guarantee scheme is closing

12 December 2016

From 31 December the Help to Buy: mortgage guarantee scheme will no longer be in place. Our Help to Buy products under this scheme will be withdrawn on 30 December.

What does this mean for you?

By 9am Friday 30 December you must have:

  • Converted accepted AIPs to full applications, submitted them and paid any outstanding fees 
  • Fully submitted new applications and paid any outstanding fees.

The cut off for completions within the Help to Buy: mortgage guarantee scheme is 30 June 2017. Cases offered within this timeframe will have tailored expiry dates to fit within the end date.

Any questions?

Our dedicated account managers or telephone account managers are here to help you. Call 0345 266 8928*.

Change to your customers’ mortgage payment

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Following the Bank of England Base Rate (BBR) change announced on 11th March, if your customers have a mortgage with us that’s on our Standard Variable Rate or is linked to the BBR, their monthly payment will change from 1st of April 2020. They should have received a letter from us by now telling them how much their new monthly payment will be. We’ll write to them by 9th April if the BBR cut announced on 18th March also affects them.