Mortgages » Help to Buy

Help to Buy

Help to Buy is a new government backed initiative set up to help first time buyers and those looking to move up the property ladder to purchase a property with as little as 5% deposit.

These loans are not available for buy-to-let landlords or second home owners or for a shared ownership purchase.

To qualify for the scheme, Help to Buy Properties must be:

  1. Priced below £600,000 (In Scotland and Wales the limit is £300,000)
  2. Full ownership
  3. New build

The government equity loan scheme is only available from approved participating house builders, many of which we are aware of.

To be eligible for a help to buy scheme you should be able to:

  • Be able to demonstrate funds or savings to pay for the required deposit which may be between 5% and 55% of the purchase price, legal fees, stamp duty and costs of moving
  • Have  a good credit history
  • Take out a mortgage with a  qualified lender (bank or building society)
  • Remove your name from any other property deed at or prior to completion of your new property if you are a home owner wishing to buy a larger property for your family
  • Over 18 years of age
  • Not planning to sublet
  • Existing properties cannot be rented out to buy a second home through the Help to Buy Scheme has access to over 60 lenders that can assist with help to buy mortgages and guide you through the process.

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First Time Buyer Mortgages

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