image

Help To Buy

What is Help to Buy?

If you’re a first-time buyer in England, you can apply for a Help to Buy: Equity Loan. This is a loan from the government that you put towards the cost of buying a newly built home. You can borrow a minimum of 5% and up to a maximum of 20% (40% in London) of the full purchase price of a new-build home. You must buy your home from a homebuilder registered for Help to Buy: Equity Loan. The amount you pay for a home depends on where in England you buy it.

Click here to more information

What do You Need to Know?

  • Help to Buy is only available on new build homes built by an approved house builder
  • The scheme is open to first time buyers
  • You will only need as little as 5% deposit
  • You will only have to obtain a mortgage for a maximum of 75% of the purchase price
  • Potential to access cheaper mortgage rates
  • When you buy through the Help to Buy Scheme, you will have full title to the property
  • The equity loan is interest free for the first 5 years
  • Help to Buy is only available on houses up to a value of £600,000