The government has created the Help to Buy scheme to help hard-working people like you take steps to buy your own home.  This scheme is available on some of the new home sites we offer.

How does it work?
With a Help to Buy: equity loan the Government lends you up to 20% of the cost of your new-build home, so you’ll only need a 5% cash deposit and a 75% mortgage to make up the rest.

You won’t be charged loan fees on the 20% loan for the first five years of owning your home.

Example: for a home with a £200,000 price tag

In the future, if the home in the example above sold for £210,000, you’d get £168,000 (80%, from your mortgage and the cash deposit) and you’d pay back £42,000 on the loan (20%) if you moved within five years. You’d need to pay off your mortgage with your share of the money.

For more information visit helptobuy.co.uk or if you are within the London area helptobuylondon.co.uk which offers different schemes.