Link Group Ltd

Help to Buy (Scotland): Older Persons Affordable New Build Scheme Application Form

This form has a maximum of 21 pages

Application Help Notes

PLEASE NOTE THAT THE THRESHOLD PRICE FOR PROPERTIES DUE TO COMPLETE IN 2017/2019 IS £200,000.  

Please take a few minutes to read over these help notes. In order for us to process your application, we will need to be provided with the following information: 

  1. A full reservation agreement from a builder registered to the scheme. Please note that early bird reservation agreements are not acceptable.
  2. Copies of your previous 3 months (or 12 weeks) payslips for each applicant.
  3. Copy of agreed sale price letter for your existing property or property already sold (if applicable)

You must meet one of the following criteria to be eligible for the scheme:

  • Under occupation - living in a property which is too large and need to downsize
  • Current property is no longer suitable to your needs (letter from GP or medical professional will be required)
  • Need to move closer to family or friends that provide care or support

There is no requirement to take a mortgage however, you can take out a mortgage of less than 25% of the purchase price. If your mortgage exceeds 25% of the purchase price; you need to apply to through the existing Help to Buy Scheme. Please follow the link below:

https://linkhousing.cloud.jadu.net/forms/form/180/en/help_to_buy_scotland_affordable_new_build_scheme_application_form 

In the event you are taking a mortgage and the level of mortgage borrowing you intend to take is less than our rule of thumb, we will require a Decision in Principle (or other such evidence) from your mortgage lender to show that it is the maximum you are able to borrow. The rule of thumb is calculated in the following way: 

  • Joint earner applications = Gross Income x 3.5;
  • Individual and single earner applications = Gross Income x 4.5. 
To help us process your application as quickly as possible, please ensure you send copies of the documents we need in a timely manner. There are 2 ways you can submit your documentation to us:

  1. The documents can be uploaded as part of this online form;
  2. You can email your documents through to helptobuy@linkhaltd.co.uk. Please note the largest file size we can accept is 5MB. If your documents exceed this, please send them through in separate emails.

If your partner will be residing with you as part of the household, their details MUST be provided as the second applicant on the application form and relevant evidence provided. This also applies even if your mortgage will only be in one name.

Contact Email Addresses

We carry out all our correspondence via email. Therefore, please ensure that the email addresses you provide for yourself, your solicitors and your financial advisors are accurate. Incorrect contact details can lead to delays in dealing with your application.

Eligible Applicants

If you are eligible to the scheme, you will be issued with an Authority to Proceed letter detailing the terms of your acceptance to the scheme. You will have 3 months from the date of this letter to sign missives for your new property and 9 months to complete the purchase. Failure to comply with these timescales will mean that financial assistance through the scheme will be withdrawn.

Further information

If you require any further information please contact us on 0330 303 0023 or by email at helptobuy@linkhaltd.co.uk. 

To find a list of participating builders or for further information, including the Buyer's Information leaflet please visit the Scottish Government’s website: www.gov.scot/htb. 

We aim to process new applications within 5 working days.