A simple explanation of Help to Buy and who's eligible...

Help to Buy isn't just for first time buyers...watch our brand new video on Help to Buy to find out more.

What is Help to Buy*?

Help to Buy* is a new Government-backed scheme to help buyers secure a mortgage on a new build home. Home buyers can own a home with only a 5% deposit and gain help funding of up to 20% of the purchase price. This initiative is available to all buyers, not just first time buyers.

How does it work?

With Help to Buy*, you’ll receive an equity loan from the Homes and Communities Agency (HCA) to help you secure a mortgage. The scheme has been designed to assist those who would be able to sustain a mortgage, but who cannot currently acquire one due to large deposit requirements. Help to Buy* offers up to a maximum of 20% of the purchase price through an equity loan funded by the Government. The remaining 80% is made up through a 5% deposit contribution and a 75% mortgage from a bank or building society. So Help to Buy* does what it says on the tin! The equity loan is available on new build properties up to a maximum value of £600,000 in England.