How does it work?
With a Help to Buy:
- Equity Loan the Government lends you up to 20% of the cost of your newly built home.
- You only need a 5% cash deposit
- 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.
Who is eligible?
- Available to first-time buyers as well as homeowners looking to move.
- The maximum purchase price is £600,000
- With a Help to Buy, you should not own any other property when you buy your new home.
- You must have access to a minimum 5% deposit of the full purchase price.