Help to Buy

Buying your own home could be easier then you might think.

The Government’s Help to Buy: Equity Loan scheme is designed to offer a more affordable solution for buyers who want to purchase a newly built home.

Equity loans aren’t just for first-time buyers so, if you’re looking to move to a new property as your family grows or your circumstances change, this could be just the help you need to make your move happen. 

You just need to raise a 5% deposit.

 Under the terms of the scheme, the Government will lend you up to 20% of the cost of your new home, which means you just need to raise a 5% deposit. You’ll take out a 75% mortgage to make up the total purchase sum and, for the first five years, there’ll be no fee charged on the 20% loan. The loan must be repaid after 25 years or earlier if you sell your home. 

In a nutshell, this Help to Buy scheme applies to newly-built properties worth up to £600,000 and it will need to be your only property. You won’t be able to sublet your new home or take up a part-exchange deal on your old home either. 

To find out more about the Government’s Help to Buy schemes, visit