Help To Buy

Thinking about a new build? Then you’ve probably heard of the Help to Buy scheme.

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Help to buy

Thinking about a new build? Then you’ve probably heard of the Help to Buy scheme.

What is help to buy?

It’s a government scheme specifically for first time buyers. The scheme offers an equity loan from the government to help first time buyers buy a newly built home. Buyers will need a deposit of at least 5% of the purchase price.

  • The government lends you up to 20% (or 40% if you live in London) of the purchase price up to the regional limits.
  • You borrow the rest (up to 75%, or 55% if you live in London) from a mortgage lender, on a repayment basis.
  • The equity loan is interest-free for five years.
  • From year 6, you’ll start being charged interest
  • When you do come to repay the loan or sell your house, you must repay the same percentage of the sale price. So, if you received an equity loan for 20% of the purchase price of your home, you must repay 20% of the sale price. That means if your house goes up in value, so does the amount you owe on your equity loan. If the value of your house goes down, the amount you owe on your equity loan does too.

Full details and eligibility can be found on the government website or for more information then speak to us.

Help to buy mortgages

As the government is providing up to a 20% loan (40% in London) towards your deposit this means that lenders can assess your application as a 75% (55% in London) loan to value mortgage which means interest rates tend to be lower. 
Many high street banks have signed up to this scheme and provide help to buy mortgages. 
The process of securing a help to buy mortgage is pretty much the same however there are a couple of other steps involved. We will support you with ensuring that you meet the help to buy eligibility and affordability rules as well as applying for the scheme alongside finding you the cheapest help to buy mortgage.

Buy your first home with the help to buy scheme!

First Time Buyers

First home? No problem! We are highly experienced in finding the right mortgage deals for first time buyers!

Moving Home

Is your home too small? Too big? Too far from work? If it's time for you to move, we're here to help make it easier!

Switch Mortgage Deal

You could be saving money by switching deals. We actively hunt down the cheapest new mortgage deal for you!

Buy To Let

We are also here to help you start or grow your property portfolio. We can help on every step of the entire process.

Additional Borrowing

We understand that money can become a bit of a tight squeeze which is why we can help you borrow a little more!