Help to Buy scheme

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, Scotland 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.

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 at the bottom of this page to find a new home and call the Sales Executive at the development of your choice.

How does the Help to Buy equity loan work?

33121_TWUK-National-email-HTB equity loan-graphic

With the Help to Buy equity loan scheme, you’ll need as little as 5% deposit to buy a new home. 

The Government will provide an equity loan of up to 20% of the value of your property and you'll need to obtain a 75% mortgage. 

With a 75% mortgage, your mortgage repayments could be more affordable if you buy a home using the Help to Buy scheme.

Help to Buy is exclusively available on new homes. Read on to find out more about the equity loan scheme.

With the Help to Buy equity loan scheme:

  • Both first time buyers and existing home owners are eligible
  • You will only need a 5% deposit to purchase your new home
  • The Government will lend you up to 20% of the value of your new build home via an equity loan
  • The equity loan is interest free for the first five years
  • You may only need to secure up to a 75% mortgage
  • The Help to Buy equity loan can be repaid at any time or on the sale of your home
  • The scheme is available across all Taylor Wimpey developments in England, Scotland and Wales

The equity loan scheme details vary between England, Scotland and Wales. Take a look at the Terms and Conditions for each country at the bottom of this page.

Read more

How does the Help to Buy mortgage guarantee work?

Help to Buy Mortgage Guarantee

With the Help to Buy mortgage guarantee scheme, you only need a 5% deposit to buy a new Taylor Wimpey home.

With the Help to Buy mortgage guarantee scheme you could get a 95% mortgage, which means you only need to put down a 5% deposit to buy a new home. 

Great news for first time buyers who are struggling to save for a large deposit, and existing home owners who have limited equity in their current home. 

Read on to find out more information about the mortgage guarantee scheme.

With the Help to Buy mortgage guarantee scheme:

  • You could get a 95% mortgage
  • You will only need a minimum 5% deposit to buy a new home
  • The scheme is available across all Taylor Wimpey homes England, Scotland and Wales worth up to £600,000
  • With the Help to Buy mortgage guarantee, the Government will guarantee your mortgage up to 15% of the value of the property

This makes it less risky for lenders to offer a mortgage to a borrower with only a 5% deposit, and means that they will be able to offer cheaper rates than previously available with a 5% deposit.

For more information, take a look at the full terms and conditions for Help to Buy Mortgage Guarantee.

Read more

Help to Buy England

There are two ways to buy with Help to Buy in England. Find out how you could buy a new home worth up to £600,000 with just 5% deposit.

Find out more

Help to Buy Scotland

There are two ways to buy with Help to Buy in Scotland. Find out how you could buy a new home worth up to £400,000 with just 5% deposit.

Find out more

Help to Buy Wales

Help to Buy mortgage guarantee is now available in Wales. Find out how you could buy a new home worth up to £300,000 with just 5% deposit.

Find out more

Easymover

With easymover we'll help you sell your existing home. We’ll liaise with your estate agent, pay their fees and we'll manage the whole house selling process – making your life so much easier!

Find out more