Help to Buy Schemes

Use the government backed Help to Buy scheme to find a mortgage deal that suits you. Help to buy is not only for first time buyers, it can also help those moving up the ladder to purchase a home costing up to £600,000 with a deposit as low as 5%.

The equity loan scheme allows borrowers with a deposit of as little as 5% to get onto the housing ladder. Each borrower’s contribution is supplemented with a loan from government worth 20% of the property’s value, with the remaining 75% obtained from a traditional mortgage lender.

This only applies to all new build properties in England worth up to £600,000. The government loan is interest-free for the first five years and then charged at a rate of 1.75% each subsequent year.