Help to buy
Help to Buy Quiz
Test your knowledge about the Help to Buy scheme and discover how it can help you purchase your dream home! This quiz will cover key facts, application processes, and important guidelines to ensure you are well-informed.
- Learn about minimum deposits and eligibility
- Understand the application process
- Explore rules regarding property alterations and subletting
What is the minimum deposit you can use?
10%
5%
45%
25%
Who can buy with Help to buy?
Person with a property to sell
Investor
First time buyer
Property to sell but selling Shared ownership
When does the Help to buy scheme end?
March 23
January 23
December 22
February 23
What is the last month that the purchaser can submit their Help to buy application?
March 23
February 23
January 23
December 22
October 22
Are you able to sublet your Help to buy property?
You are not allowed to sublet your home
You are not allowed to sublet your home without Homes England’s consent
Only allowed if you use a letting agency
You are allowed
Who is allowed to contact Help to buy about the purchase?
Purchaser & Broker
Purchaser, Broker and Solicitor
Purchaser, Broker, Solicitor and Developer
Purchaser, Broker, Solicitor, Developer and Estate Agent
Is this True or False: If you make a fraudulent claim for a Help to Buy: Equity Loan you may be liable to criminal prosecution. You will also have to pay back the equity loan
True
False
How many years do you not have to pay interest on the Help to Buy loan?
3 years
4 years
5 years
6 years
What is the minimum monthly management fee you pay when you take out the equity loan until you pay it off
£1
£2
£3
£4
£5
What does the ATP stand for?
Authority to Progress
Authority to Proceed
Ability to Proceed
What does ATE stand for?
Ability to Exchange
Able to Exchange
Authority to Exchange
What are the two different % caps for Help to buy and London Help to buy
20 % & 45%
5% & 40%
5% & 40%
20% & 40%
Is the £500 reservation fee for Help to buy refundable?
No the developer can keep the whole deposit
Yes this is fully refundable at any stage in the transaction
If the developer has incurred legal cost they and deducted this from the fee but most show what cost have incurred
It up to the developer and what they have signed on their reservation agreement
Do you need Permission from Help to buy to make structural alterations to your home?
True
False
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