Course description
It isn’t easy getting on the property ladder- we have seen the end of the Government Home Equity Loans (apart from redeeming them) for now but there are many other schemes available.
Apart from what may be available on the market generally, or from the Government, there is that old standby, ‘bank of mum and dad’ which is itself not free of potential problems. For the conveyancer there are many pitfalls to be aware of and it is timely to look at these in more detail.
Join expert speaker Paul Tobias for this live and interactive update which will explore a range of topics including shared ownership schemes, SDLT relief for first time buyers, the Government First Homes Initiative, UK finance conditions and mortgagee attitudes to gifted deposits, and much more.
Upcoming start dates
Outcome / Qualification etc.
Training Course Content
Introduction
It isn’t easy getting on the property ladder- we have seen the end of the Government Home Equity Loans (apart from redeeming them) for now but there are many other schemes available.
Apart from what may be available on the market generally, or from the Government, there is that old standby, ‘bank of mum and dad’ which is itself not free of potential problems. For the conveyancer there are many pitfalls to be aware of and it is timely to look at these in more detail.
What You Will Learn
This live and interactive session will cover the following:
- Shared ownership schemes
- SDLT relief for first time buyers
- Redeeming existing help to buy equity loans
- Help to Buy ISA - was for first time buyers to raise a deposit but no longer available for new applicants
- 20% discount via ‘starter home initiative’, armed forces - MOD Interest free loans, lifetime ISA
- The Government Mortgage Guarantee Scheme - and the Help to Build Scheme
- An overview of the Government Right to Buy Scheme
- Government First Homes Initiative
- Bank of Mum and Dad - helping raise the deposit, is it a gift or a loan, where is the money coming from
- Declarations of trust - what should go in them
- UK finance conditions and mortgagee attitudes to gifted deposits
- Fraudulent ‘gifts’ to dupe the lender and what can happen if the donor of the deposit becomes insolvent
Expenses
MBL Seminars Limited
MBL is a leading learning and development provider for professional service firms. Over the past 18 years, more than 198,000 people across 23,000 different organisations spanning 81 countries, have chosen us to deliver their training. With over 800 expert speakers...