How to sublet your Help to Buy home
You are not allowed to sublet your home unless your personal circumstances make it difficult to live there.
Applies to England
Making changes to your equity loan or repayment mortgage
Before you make any changes to your equity loan or mortgage, you need to understand how those changes may affect you. You should think about getting independent financial and legal advice.
You need to keep paying your management fee, and monthly interest if this is due, until you repay your equity loan in full.
You바카라 사이트檒l need to settle any outstanding payments, or set up a payment plan by contacting our Customer Service team, before you can sublet your Help to Buy home.
When you may be allowed to sublet your entire home
When you sublet your entire home, you are letting it all to someone else and you do not live in it.
You바카라 사이트檒l only be allowed to sublet your home in specific personal circumstances.
If you need to move temporarily
A temporary move must be due to:
- ill health
- a need to care for a family member
- a change of work location which results in an unreasonable commute from your home
If you바카라 사이트檙e struggling financially
Subletting may help if you need to move temporarily because you바카라 사이트檙e struggling due to things like:
- losing your job
- a drop in your household income
- a change of circumstances that leaves you unable to afford your mortgage payments
If your property is affected by unsafe cladding
If your property is affected by unsafe cladding, subletting may help you:
- if you need to move temporarily
- if you바카라 사이트檙e struggling financially due to additional costs
What you need to send
You바카라 사이트檒l need to send us evidence, which should be:
- a letter from your mortgage lender confirming that they will:
- allow you to sublet your entire home
- not change the repayment mortgage to a buy to let mortgage
- a letter from your building or contents insurer saying that they will allow you to sublet your home
- any other information to support your application, we may ask for
If your property is affected by unsafe cladding, you will also need to send one of the following:
- an EWS1 form with a rating of A3 or B2, or evidence this form is not available from your freeholder or management company
- evidence supplied by your freeholder or management company that your property is affected by unsafe cladding
You바카라 사이트檒l also have to pay a 拢50 administration fee.
You바카라 사이트檒l also need to send a covering letter explaining why you want to sublet.
If you get permission, it will be valid for 12 months, so you바카라 사이트檒l need to tell us what your plans are after that, for example, moving back into your home or asking permission to sublet again.
Having a lodger
You can have one lodger without asking for permission, as long as you, the homeowner:
- live in your home at the same time as the lodger
- do not give the lodger a formal lease or tenancy which would give them an interest in your property
Changing to a buy to let mortgage
You cannot change your repayment mortgage to a buy to let mortgage until you바카라 사이트檝e repaid your equity loan in full.
Being told about subletting
Sometimes we바카라 사이트檙e informed that a Help to Buy home is being sublet.
When this happens, we check the property to find out if an application to sublet has been submitted, or if permission that has already been provided has not expired.
If either of these things has happened, we will not take further action.
If you sublet without permission
Subletting your home without permission means that other agencies or organisations could take action against you.
We바카라 사이트檒l contact you within 5 working days from when the report was made to say you have broken the terms of your equity loan.
If you can meet our criteria for subletting, you can then ask for permission.
If we바카라 사이트檙e not able to contact you, we may use a tracing service to locate you and take further action. You바카라 사이트檒l have to pay for this process and any other legal fees.
If you바카라 사이트檝e already sublet your home and did not ask for permission, you can apply for permission retrospectively (afterwards) by contacting our Customer Service team.
You바카라 사이트檒l need to pay:
- an administration fee of 拢50
- any costs associated with breaking the rules and subletting without permission
These costs may include things like:
- credit reference searches
- administration costs
- tracing service fees
If you바카라 사이트檙e refused retrospective permission to sublet
You바카라 사이트檒l have 6 months to move back into your home, sell it, or repay your equity loan in full.
We will:
- contact your mortgage lender and let them know
- consider enforcement action and repossession with your mortgage lender
- report it to HMRC
Subletting your home without permission means that other agencies or organisations, like your mortgage lender, may take action against you. This may include being asked to repay the repayment mortgage in full or having your home repossessed.
How to apply to sublet your entire home
Tell us you바카라 사이트檇 like to sublet your home, and we can give you more information on the process and tell you if you바카라 사이트檙e eligible.바카라 사이트�
Email:
customerservices@myhelptobuyloan.co.uk
When emailing our Customer Service team, please include your account number and a brief summary of your query in your email subject line 바카라 사이트� for example 바카라 사이트楽ublet바카라 사이트�.
Phone:
0300 123 4123
Post:
Help to Buy Customer Service team, PO Box 5262, Lancing, BN99 9HE
Our Customer Service team is available 8am-8pm and Saturday, 9am-1pm (excluding UK public holidays).
If you바카라 사이트檙e eligible to sublet
If you바카라 사이트檙e allowed to sublet, you바카라 사이트檒l need to:
- get your evidence documents ready to send to us
- get your covering letter ready with your reasons why you need to sublet and your plans after 12 months
- pay an administration fee of 拢50. We바카라 사이트檒l tell you how you can pay this when you contact us
You can then send us all the documents by post or email using the contact details above.
Giving you a decision
You바카라 사이트檒l be told after 5 working days if you can sublet your home.
The decision will be either you바카라 사이트檙e:
- allowed to sublet
- not allowed to sublet
- not given permission to sublet
A record of the decision will be recorded on your equity loan account.
If you바카라 사이트檙e given permission
After 12 months you must either:
- move back into your home
- ask for permission to sublet your entire home again
- repay your equity loan in full
We바카라 사이트檒l contact you 2 months before this date and ask you when you바카라 사이트檒l move back in, or if you want to ask to sublet again.
You바카라 사이트檒l need to ask for permission at least 1 month before the sublet period ends to be able to sublet again after this time.
If you바카라 사이트檙e not given permission
You바카라 사이트檒l be told why you were not given permission.
If you still decide to sublet your home without permission, we will:
- give you 6 months to move back in or sell your home
- contact your mortgage lender and let them know
- consider enforcement action and repossession with your mortgage lender
- report it to HMRC
Your feedback matters
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Updates to this page
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Amended to provide clarity to Help to Buy customers about the criteria need for subletting to be approved
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Clarified guidance about the EWS1 form in the 'What you need to send' section.
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Added section to reflect change in Homes England policy regarding cladding.
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Updated to make the separation between Homes England and the equity loan administrator clearer.
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First published.