Help to Buy

The new Help to Buy 2021-2023 Scheme

The new Help to Buy 2021-2023 scheme is now in place meaning that Help to Buy is now exclusively for first-time buyers on new build homes. You could still borrow up to 20% of the cost of a new build home (or 40% in London), but regional caps have been introduced, leaving you to spend between £186,100 and £437,600 on your new home (or £600,000 in London), depending on where it’s located. If you’re an existing homeowner wanting to move, you can check out our other helpful purchase schemes.

When applying, always seek professional advice from a mortgage advisor or a financial expert to understand payments on a mortgage based on your individual situation.

Help to Buy scheme – Here’s How It Works

The Help to Buy scheme is a government-backed equity loan that allows first-time buyers in England to purchase a newly constructed home. The scheme is applicable only to your main residence in which you live and cannot be used to purchase a second home. A deposit of at least 5% of the purchase price is required. You can borrow up to 20% of the purchase price (or 40% in London). This amount is interest-free for the next five years.

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You’ll need your own 5% deposit

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Get a 20% equity loan from the government*

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Buy the home you need now with a 75% mortgage

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Available to first time buyers

Regional price caps

Use this handy map to find how much you can spend on your new home.

Help to Buy

Frequently asked questions

Can I buy any home with Help to Buy?

Help to Buy is available to first-time buyers on new build homes across England but is subject to maximum price caps in different areas. Please see illustrative map for more details.

Can everyone get Help to Buy?

Help to Buy is now exclusively for first-time buyers, and there is no maximum income cap.

Are there any fees to pay?

The Help to Buy equity loan is interest free for 5 years. After that you pay a fee of 1.75%, rising each year by 1% plus the RPI. You may also have to pay mortgage arrangement fees.

Are you a member of the Forces?

If you are, as well as Help to Buy, there is an additional incentive available for members of the Forces.

More details

Terms & Conditions

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR OTHER DEBT SECURED ON IT.

Credit is secured against your home. *Subject to status, Help to Buy Terms & Conditions and available on selected properties in England only. Eligible applicants will be offered an equity loan up to a maximum of 20% of the purchase price (based on the open market value). Applicants are required to fund at least 80% of the purchase price by means of a conventional mortgage, savings/deposit where required. The equity loan is provided by Homes England and held as a second charge. This offer is not available in conjunction with any other promotion. Full details will be provided on request.

More ways we can help you move

Help to Buy

HTB

Exclusively for first time buyers! Buy a new home between £186,100 and £437,600 with just a 5% deposit!

Find out more

Help to Buy London

HTB

Exclusively for first time buyers! Buy any new home in London up to £600,000 with just a 5% deposit!

Find out more

Home Exchange

Home Exchange

Stuck in a chain or have a home to sell? We could buy your current home when you buy one of ours

Find out more

Smooth Move

Smooth Move

Have a home to sell? We could sell it for you so you can buy one of ours

Find out more

Forces Help to Buy

HTB

Offers forces personnel a loan of up to 50% salary, capped at £25,000

Find out more

All images are used for illustrative purposes only and are representative only. They may not be the same as the actual home you purchase and the specification may differ. Images may be of a slightly different model of home and may include optional upgrades and extras which involve additional cost. Individual features such as windows, brick, carpets, paint and other material colours may vary and also the specification of fittings may vary. Any furnishings and furniture are not included in any sale. Please check with our sales consultants for details of the exact specifications available at the development(s) for each type of home and the associated prices.