Help to Buy

 

You only need a 5% deposit to buy a new Linden Home

The government backed Help to Buy scheme means first-time buyers can get their foot on the property ladder with a 5% deposit.

With a 20% equity loan provided by the government, you could buy a brand new Linden home with a 75% mortgage.

HOW IT WORKS

More

Here's how it works

Example:

£15,000 £60,000 £225,000

Example house value

£300,000

  Buyer's 5% deposit

  Government's 20% loan

  75% mortgage from approved lender

You pay as little as 80% of the full purchase price up front (5% deposit plus 75% mortgage)

The remaining 20% is an equity loan form the Government (You must pay back the loan at the end of your main mortgage term or when you sell your home)

Help to Buy equity loan is only available on new-build homes

Available to first-time buyers purchasing their own home*

Maximum property purchase price of £437,600 dependent on location outside of London

Source: Budget 2013 HM Treasury - www.hm-treasury.gov.uk/budget2013

Allowing you to borrow up to 20% of the cost of a new home (or 40% in London), Help to Buy gives you the chance to spend between £186,100 and £437,600 on your new home (or £600,000 in London) – although regional caps apply.

When applying for the Help to Buy scheme, you should always seek professional advice from a mortgage advisor or a financial expert to understand payments on a mortgage based on your situation.

The Help to Buy scheme is only available for first-time buyers, but we have many other ways we can help homeowners looking to buy a new house. Check out Ways to Move.

 
 

Regional Price Caps

For homes completing after April 2021, the amount first-time buyers can use to purchase a home using Help to Buy in England will depend on where you are buying.

Regional price caps have been introduced, so the amount you can spend could vary depending on where you are looking to buy, ranging from £186,100 to £437,600 (or £600,000 in London).

Use this map to find out what your regional price cap is.

1

North East

£186,100

2

Yorkshire and the Humber

£228,100

3

East Midlands

£261,900

4

East Of England

£407,400

5

London

£600,000

6

South East

£437,600

7

North West

£224,400

8

West Midlands

£255,600

9

South West

£349,000

How much could you afford using Help to Buy

Enter your details

Your region

Your deposit

You could afford a new Linden home up to the value of

£

With your deposit of

£

You could get a government loan of

£

And your mortgage will be

£

Now, let's find your new home

Linden Homes you could afford with Help to Buy

Number of bedrooms

1
2
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5+

Price min

Price max

Home type

Number of bedrooms

1
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5+

Price min

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Frequently asked Questions

Can I buy any home with Help to Buy?

Help to Buy is available to first-time buyers ONLY on new build homes across England. Regional price caps are in place, meaning the amount you can use to purchase a home using Help to Buy in England will depend on where you are buying. Please see the regional map above for more information.

How does Help to Buy give me access to more competitive mortgage deals?

With a 5% deposit and the government’s equity loan of up to 20% of the value of the new home, you only need to secure up to a 75% mortgage. This means you may benefit from more competitive lending rates and a wider mortgage choice.

Is the Help to Buy scheme open to everyone wanting to buy a new home?

Help to Buy is now only available to first-time buyers due to changes in government legislation in April 2021.

Are there any fees to pay?

The government loan is interest free for the first five years. However a management fee of £1 a month will be applicable from the date of purchase. After that you pay a rate of 1.75%, rising by 1% each year, plus the RPI. You may also be required to pay mortgage arrangement fees.

Can I use Help to Buy if I'm an existing home owner looking to trade up?

No, changes to Help to Buy from April 2021 means that only first time buyers are eligible for the scheme.

More ways we can help you move

Help to Buy London

Exclusively for first-time buyers! Your move could be more affordable than you think – buy any new home up to £600,000 with just a 5% deposit!

Home Exchange

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

Smooth Move

Have a home to sell? We could help sell it for you, so you can buy one of ours with Smooth Move! We could even save you time and money.

Introduce a Friend

Introduce your friends to Linden Homes and if they buy from us we’ll give you £500* to say thank you.

Help to Buy London

Exclusively for first-time buyers! Your move could be more affordable than you think – buy any new home up to £600,000 with just a 5% deposit!

Home Exchange

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

Smooth Move

Have a home to sell? We could help sell it for you, so you can buy one of ours with Smooth Move! We could even save you time and money.

Introduce a Friend

Introduce your friends to Linden Homes and if they buy from us we’ll give you £500* to say thank you.

Still haven't found what you're looking for?

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.

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.