Survey Maker Survey Templates Contact Privacy & Security

Help to buy

A vibrant and informative illustration showing a family looking at houses with a

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

14 Questions4 MinutesCreated by BuyingHome33

What is the minimum deposit you can use?

10%

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%

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

{"name":"Help to buy", "url":"https://www.supersurvey.com/QPREVIEW","txt":"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 eligibilityUnderstand the application processExplore rules regarding property alterations and subletting","img":"https:/images/course5.png"}