Help to Buy

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.

What is Help to Buy?

Help to Buy is a government backed scheme open to anyone (not just first time buyers) looking to buy a brand new home.

How does it work?

With Help to Buy you only need to have a minimum 5% deposit. We will then help you secure a government equity loan from Homes England for the additional 20% deposit required. This loan is secured on your property and can be repaid at any time within 25 years or on the sale of your home, whichever happens first – plus you’ll pay no interest for the first 5 years!*  We can also help you arrange a mortgage (via independent financial advisors) for the 75% balance.


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 information.


A typical example of Help to Buy (based on a property worth £200,000)

 Purchase price of your new home £200,000  100%
 You raise a minimum deposit of 5%  £10,000 5%
 You arrange a mortgage at a maximum LTV** of 75%  £150,000 75%
 Your total contribution  £160,000 80%
 Homes England 20% government equity loan* £40,000 20%


* After five years, an annual fee of 1.75% of the outstanding equity loan is charged. This is increased annually by RPI plus 1%. Subject to terms and conditions. Borrowers will need to meet appropriate criteria to ensure they can pay back the equity loan, as well as passing their chosen lender’s credit and affordability checks. For more information on Government equity loans visit https://www.helptobuy.gov.uk/equity-loan/equity-loans/

** LTV (loan-to-value) is the ratio between how much you borrow for the mortgage (the loan) and how much the property is worth (the value), expressed as a percentage.

Help to Buy