Help to Buy (England)

Help to Buy is a product in the Government’s HomeBuy range designed to help buyers in England buy your new home in an affordable way. Help to Buy will enable an eligible buyer to purchase a brand new home, funded by an affordable mortgage and with assistance from a HomeBuy agency.

Help to Buy gives you the chance to buy a new home with the assistance of an equity stake. The value of the stake is a maximum of 20% of the full price of the property. The maximum full purchase price is set at £224,400.

Under Help to Buy, the government provides an equity stake as follows:

  • Government provides an equity stake of 20%
  • You arrange a mortgage for 75%
  • Meaning your deposit is 5%

 

Own a home with Help to Buy

To be eligible for Help to Buy, you should:

  • Be a First Time Buyer
  • Be able to demonstrate access to savings or funds to pay a deposit which may be 5%
  • Have a good credit history
  • Take out a mortgage with a qualified lender (e.g. a bank or building society)

 

Available at the following locations