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Help To Buy

Help to Buy equity loan

You can get a low-interest loan towards your deposit, to help you get on the property ladder.


  • Interest free loan for 5 years
  • Property will be completing in the next 6 months
  • Only available to owner occupiers

Who is Help to Buy for?


Whether you are a first time buyer or already own your own home, Help to Buy is a government scheme designed to help you advance up the property ladder.


The property you buy must:

  • be a new build
  • have a purchase price of up to £600,000
  • be the only one you own
  • not be sub-let or rented out after you buy it

How does Help to Buy work?

Help to Buy is an equity loan from the government up to 40% of the value of a property, provided you have a deposit of 5% you will only need a mortgage of 55% of your new home.

What properties can I buy with Help to Buy?


New build properties up to the value of £600,000 are eligible for the Help to Buy scheme.

When getting a mortgage you will be able to borrow up to a maximum of 4.5 times your salary.


How do I pay back the Help to Buy equity loan?

You must pay back the loan after 25 years or when you sell your home – whichever comes first.

You will not be charged any interest on the 40% loan for the first five years of owning your home.

However a management fee of £1 a month will be applicable from the date of purchase.

From year six, a fee of 1.75% is payable on the equity loan, which rises annually by RPI (Retail Price Index) inflation plus 1%.

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