What is Help to Buy?

With Help to Buy, your dreams of owning a new-build home by us could become much more of a reality! Help to Buy is a Government-backed equity loan scheme which helps buyers to own a new-build home.

Here’s what you need to know:

You only need a 5% deposit.
The Government lends you up to 20% of the value of the property.
The loan is interest-free for 5 years, making your dream home more affordable.
You then need to secure a 75% mortgage.
The maximum purchase price is £600,000.

5% deposit + 20% equity loan + 75% mortgage = 100% home ownership!

See our available new homes here.

Who’s eligible?

Most people know that Help to Buy is available for first time buyers, but under the current scheme, existing homeowners can benefit too.

The property purchased through Help to Buy must be your only residence.
There’s no household annual income limit and it’s available to all types of home buyers.
The scheme isn’t available for buy-to-let investors.
The scheme isn’t available to those who will own any other property after completion.

You can repay your Help to Buy: Equity Loan at any time, when you sell your home, or you can wait until the end of its term.

Are equity loans under the Help to Buy scheme in England available under a buy-to-let option?
No – this scheme is only available to purchasers using the property as their main residence.

Further information on the equity loan and the repayments required is available in the Help to Buy Buyers Guide.

Buyers Guide

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Subject to full affordability checks, you may qualify for a higher equity loan amount from the government. You should take advice from a suitably qualified adviser before agreeing to a mortgage. Help to Buy not available on part buy, part rent homes for sale under the Home Reach scheme. *Help to Buy is available on properties up to a maximum value of £600,000 in England. If you qualify for the Help to Buy equity loan and you raise a mortgage for at least 75% of the purchase price of your new home from a lender, you can borrow up to the remaining 20% of the purchase price by taking out an equity loan secured over your new home from the Government over a period of 25 years. A 5% deposit is required by the lender. More may be required depending upon circumstances and your lender’s criteria. Help to Buy is subject to eligibility and terms and conditions.

What is Help to Buy?

Who’s eligible?

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