Help to Buy

Buy a home with just 5% deposit! The government’s Help to Buy scheme (known as an ‘equity loan’) is available to anyone who is purchasing a new build home. So whether you’re a first-time buyer wanting to take the first step on the property ladder, or an existing homeowner aiming for the next rung, Help to Buy can help you.

A Step-by-Step Guide to Buying Your Home

Help to Buy is a government scheme designed to help people with 5% deposits get on the housing ladder or buy a new home. The government will lend you up to 20% of the property price, on which you’ll only need to start paying interest five years later. It is only applicable to new build properties.

Who can apply?

Until April 2021 any first-time buyer or home mover with a deposit of at least 5% can apply. After this time a new version will be in place until March 2023 when only first-time buyers will be eligible. The scheme is only applicable for the purchase of new build properties worth up to £600,000.