Help to Buy is a government-backed scheme that is essentially an extension of the FirstBuy scheme but is now accessible to all buyers (dependent on your financial circumstances), not just for first time buyers. A new home for you and your family may have been inaccessible to you before this scheme.
Now, you can buy your new home with as little as a 5% deposit by using a 20% equity loan from the government and a 75% mortgage.
The scheme has already helped thousands across the country reserve a new home so talk to your Sales Adviser today at your chosen development about how it can help you.
The equity loan is a for a maximum of 25 years. You can however pay the loan back at any time during the mortgage term or on the sale of your home.
If you’re taking advantage of Help to Buy you can now also benefit from the Help to Buy ISA.
If you reserve a home with Help to Buy you are elligble for the associated ISA, which boosts your savings by 25%; every £200 you save, the government tops it up with £50 to a maximum of £3,000. You can find out more about the Help to Buy ISA here.
Download the latest Help to Buy guide from Homes England (formerly the HCA).