Help to Buy Equity Sales

Who is responsible for paying for the RICs Valuation required as part of the HTB Equity Loan Sale Process

• Seller

• Buyer

• Estate Agents

• Sellers Conveyancer

• Buyers Conveyancer

What information is required before Help to Buy / Lenvi will issue a Redemption Figure for the Loan. Select all that apply

• An in date Valuation Report

• Costs of the Valuation paid for by the seller

• Completed Customer Authority form sent to the HTB Agent

• Seller Solicitor details provided to the HTB Agent

How would you identify if the property is subject to a Help to Buy Mortgage? Select all that apply

• Reference to the HTB Charge in the Title

• Conversations with the seller

• Sellers answers to the SPIF

• Sellers answers to the F&F

You are looking to exchange and complete but notice the Valuation has expired. How do you proceed?

• Continue to Exchange and Completion

• Inform the client and continue to Exchange and Completion

• Email HTB and continue to Exchange and Completion

• Stop. We need either a new Valuation valid until completion or confirmation the original has been extended

Before Completion can take place on a HTB Sale what process must you follow? Select all that apply

• Valuation has not expired

• Send Authority to Complete letter to HTB/Lenvi

• Send a copy of the first lenders redemption figure calculated up to the day of completion

• Replies to Solicitor enquiries

How much notice does HTB / Lenvi require between Exchange and Completion?

• 5 Working Days

• 10 Working Days

• 15 Working Days

• 1 Working day

On completion of a HTB sale what Information do Lenvi require? Select all that apply

• Completion letter

• Completion Statement

• TR1

• DS1

Upon receiving the Redemption money and the outstanding paperwork, how long can it take Lenvi / HTB to remove their charge?

• 1 Working Day

• 5 Working Days

• 7 Working Days

• 20 Working Days