With Help to Buy, you can buy a new home with just 5% deposit - whether you're a first time buyer or you're moving on from your existing home.
Who can benefit from Help to Buy?
Help to Buy is available to both first time buyers and existing home owners alike and means you can buy a new home with a low 5% deposit.
- If you’re a first time buyer we know how difficult it is to raise a large deposit to purchase your first home. With Help to Buy you’ll need to save just 5% deposit to get a mortgage, so you could purchase your first home sooner than you thought.
- If you’re an existing homeowner, you can use Help to Buy to trade up to a bigger property - even if you have limited equity in your current home, because you only need 5% deposit to move.
Help to Buy is also available with our easymover scheme, which means we'll liaise with your estate agent on your behalf, we'll pay their fees and we'll manage the whole house selling process – making your life so much easier!
The terms of the scheme vary between England and Wales, so take a look at the Help to Buy scheme in your area for more details – full details are at the bottom of this page.
The Help to Buy (Scotland) scheme will accept applicants from 1st March 2016 onwards.
How does Help to Buy work?
There are two ways to buy a new home with a 5% deposit using the Help to Buy scheme.
- The Help to Buy interest free equity loan - exclusively available on new build properties. The equity loan could reduce your mortgage repayments, making this an affordable option.
- The Help to Buy mortgage guarantee, which means that you could get a 95% mortgage on the home of your choice.
Read on to find out more about the two ways to buy with the Help to Buy scheme.
Looking for more information?
You can also speak to one of our helpful Sales Executives who can explain how Help to Buy could work for you.
Simply use the search tool below to find a new home and call the Sales Executive at the development of your choice.