Help to buy

If this is going to be your main and only home then you may be eligible for the government’s Help to Buy scheme.

With a Help to Buy Equity Loan the Government lends you up to 20% of the cost of your newly built 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. Your mortgage advisor will be able to provide further details and can advise you about your suitability. You can also find out more at:

How the scheme works

NB: To be eligible this must be the only home you own. Available to first time buyers as well as homeowners looking to move. The home you want to buy must be newly built with a price tag of up to £600,000. You won’t be able to sublet this home or enter a part exchange deal on your old home. You must not own any other property at the time you buy your new home with a Help to Buy Equity Loan.