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.

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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.


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