Help to Buy is a new government backed initiative that helps you buy a brand new home and is available to both first time buyers and existing home owners.
• Only available on new build homes
• You only need a minimum of 5% deposit
• The government will lend you up to 20% of the value of your property through an equity loan
• You need to secure a 75% mortgage from a qualified lender i.e. building society or bank
• You own 100% of your home
• Your new home must be priced below £600,000
• Only available on new homes in England
Buyer’s 5% deposit £10,000
Government's loan of 20% £40,000
A mortgage of 75% £150,000
All figures are purely indicative and should not form the bases of any purchasing decisions. Subject to status, terms and conditions apply.