Help to Buy

Whether you’re a first time buyer or you’re moving on from your existing home, with Help to Buy, you can buy a new home with just 5% deposit.

Who can benefit from Help to Buy?
Help to Buy is available to both first time buyers and existing home owners alike and means you can buy a new home with a low 5% deposit.

If you’re a first time buyer we know how difficult it is to raise a large deposit to purchase your first home. With Help to Buy you’ll need to save just 5% deposit to get a mortgage, so you could purchase your first home sooner than you thought.

If you’re an existing homeowner, you can use Help to Buy to trade up to a bigger property – even if you have limited equity in your current home, because you only need 5% deposit to move.

How does Help to Buy work?
The Help to Buy interest free equity loan is exclusively available on new build properties with a price tag of up to £600,000. The equity loan could reduce your mortgage repayments, making this an affordable option.

The Government will provide an equity loan of up to 20% of the value of your property and you’ll need to obtain a 75% mortgage.

With a 75% mortgage, your mortgage repayments could be more affordable if you buy a home using the Help to Buy scheme.

With the Help to Buy equity loan scheme:

For more details about Help to Buy, click here to visit the official Help to Buy website.