Brokers and advisers play a vital role in helping customers to use and understand Help to Buy. We’ve listened to their feedback and have updated the Help to Buy: Equity Loan calculator to help them do more realistic affordability checks for their clients before they formally apply for their equity loan.
We have unlocked the calculator so they can see, select and enter the most likely follow- on rate from their recommended lender. They can see immediately if it is higher than the current Standard Variable Rate of 4.8 per cent that we apply and can assess affordability more effectively.
