Must move out of our "Help to Buy" house due to DH's new job

[mimmymouse]

A few weeks ago, on a whim, DH threw an application in for his dream job (which he thought he wouldn't have a hope of getting): and the bugger only went and got it.

So we have to move. We bought our house through the new build Help To Buy scheme last July. We absolutely love this house and if this wasn't the best opportunity for our family, we would stay forever. Tis lovely.

Has anyone had any experience with renting out/selling their HTB house? We are assuming we will have to sell as the HTB people are quite fierce about it being for residential purposes only. However, we never had any plans to move. Jobs such as the one DH has just been offered come up very seldom and there was certainly no plan!

Let me know your experiences.

Thanks very much.

Thank you all so much for your interest, advice and opinions. We have, this morning, called our mortgage advisor and asked her to look at the figures to see if we can buy out the government! Thank you again. Much appreciated. xx

Don't think you'll need much to buy out the government at the moment!

Hope everything works out well for you.

A property can't be classed as your main residence if you're letting it out to someone else.

Also, don't forget, as well as gaining permission from the equity share holder to let the house, you also need permission from your mortgage lender. Which probably won't be forthcoming on a htb mortgage. (Unless you remortgage to a btl lender - but a btl lender probably doesn't lend on htb properties, so you would need to raise enough to pay off the equity share loan)

and do look into all the other expenses; all the insurances, maintenance, agent fees, cover for void periods etc etc etc.

Hello! My partner and I are exactly in the same situation, we would be really interested in knowing what you did at the end.
Many thanks,
Carlos

What happened in the end? I would like to know as I am in the same situation. Can you please let me know? Thanks