Help to Buy

Buy your first home with just a 5% deposit*

Get moving with the Help to Buy scheme and you could take advantage of a lower deposit plus lower monthly mortgage repayments.

    Benefits

  • You may only need a 5% deposit up to a purchase price of £224,400
  • If you are a first time buyer, the Government could lend you up to 20% of the value of your property through an interest free equity loan for the first 5 years
  • So you will only need to secure up to a 75% mortgage from a bank or building society and we can assist with this via an Independent Financial Advisor
  • Competitive interest rates and lower monthly mortgage repayments

Are you eligible for Help to Buy: Equity Loan (2021-2023)

*Help to Buy is available subject to eligibility, terms and conditions. Click here to view criteria.

You must be a first-time buyer

The home you buy must be within the relevant regional price cap of £224,400

You and anyone you’re buying a home with must:

- not own a home or residential land now or in the past in the UK or abroad

- not have had any form of sharia mortgage finance.

If you are married or in a civil partnership you will have to make a joint application with your spouse/civil partner.

You will need to sign a legal declaration to confirm that you are a first-time buyer. Your conveyancer will explain this to you.

Please read the Government’s homebuyers’ guide for more information on eligibility. 

It really couldn't be easier, visit your nearest development to speak to one of our Sales Executives to find out more.

Help to Buy calculator

75% Mortgage
cost
£0
20% Government
loan
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5% Your
deposit
£0

* Help to Buy is available subject to eligibility, terms and conditions. Only available for first time buyers and on properties up to the value of £224,400. Eligible applicants will be offered an equity loan of up to a maximum of 20% of the purchase price (based on the open market value). Applicants are required to fund at least 80% of the purchase price by means of a conventional mortgage, savings and any deposit where required. Applicants must obtain their conventional mortgage from a Qualified Lending Institution. For the first five years there is no fee charged on the equity loan component. From year 6, you’ll be charged 1.75% which will increase by the Consumer Price Index (CPI) plus 2% (1% if you took the equity loan before December 2019). The loan must be repaid after 25 years or earlier if you sell your home whereby the repayment sum will reflect up to 20% of the market value of the property at the time the property is sold or remortgaged.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Please consult a Financial Adviser for full details.

* Terms & conditions apply. Only available for first time buyers and on properties up to the value of £224,400. Eligible applicants will be offered an equity loan of up to a maximum of 20% of the purchase price (based on the open market value). Applicants are required to fund at least 80% of the purchase price by means of a conventional mortgage, savings and any deposit where required. Applicants must obtain their conventional mortgage from a Qualified Lending Institution. For the first five years there is no fee charged on the equity loan component. At the start of year six a fee is collected of 1.75% of the market value of the property at the time the loan is entered into multiplied by the outstanding percentage under the equity loan, the annual fee of 1.75% will be uplifted by CPI + 2% p.a. The loan must be repaid after 25 years or earlier if you sell your home whereby the repayment sum will reflect up to 20% of the market value of the property at the time the property is sold or remortgaged. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. Please consult a Financial Adviser for full details.
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