If you are a first-time buyer ask us about Help To Buy

First time buyer? Start your journey with just a 5% deposit and Help To Buy

If you’re a first-time buyer in England, you can apply for a Help to Buy: Equity Loan (2021-2023) to help pay for your new-build home. This is a loan from the government that allows you to borrow less by means of a mortgage, helping to reduce your monthly payments in the first 5 years.

You can borrow a minimum of 5% and up to a maximum of 20% (40% in London) of the full purchase price of a new-build home. You must buy your home from a home builder registered for Help to Buy: Equity Loan and regional price caps will apply. Scroll down to view the regional price caps applied in your chosen area.

To find out more, speak to one of our Sales Advisors. They will explain the new scheme in detail and put you in touch with an Independent Financial Advisor.

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You’ll be amazed what you
can afford with Help to Buy:

Applies to first-time buyers only (2021-23)
You only need a 5% deposit
Qualify for up to a 20% interest-free government loan*
Enjoy better rates on a 75% mortgage
100% of your new home is all yours

As long as you have a 5% deposit, the government will lend you up to 20% of the value of the property through an equity loan. This is interest-free for the first five years and you can repay it when you sell your home or any time before. You’ll then only need to get a 75% mortgage, which opens the door to a choice of better rates and lower repayments.

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*Help to Buy purchasers are required to fund at least 80% of the purchase price by means of a conventional mortgage, savings and any deposit where required. Eligible applicants will be offered an equity loan of 20% of the market price, interest free for the first five years. At the start of year six a fee of 1.75% is payable on the equity loan, which rises annually by RPI inflation plus 1%. Terms and conditions apply and full details will be provided on request. Only available on selected properties in England. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. Please ask our Sales Advisor for full terms and conditions. Details correct at time of distribution. Images for illustrative purposes only.

Regional price caps.

The amount you can spend on your home depends on where in England you buy it. Each region has a price cap on the maximum property price as detailed in the table.

Our Sales Advisors will be able to confirm if the home you want to buy is within the set price range.

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+Price cap applies from 1st April 2021 to 31st March 2023 and is based on the maximum property price which is the full purchase price and cannot be changed or negotiated. *As of the 1st April 2021, the government-backed Help to Buy Equity Loan scheme (2021-2023) is for First Time Buyers only and subject to eligibility, terms and conditions. Eligible purchasers are required to fund at least 80% of the purchase price by means of a conventional mortgage, savings and any deposit where required. Eligible applicants will be offered an equity loan of 20% of the market price, interest free for the first five years. At the start of year six fee of 1.75% is payable on the equity loan, which rises annually by RPI inflation plus 1%. Terms and conditions apply and full details will be provided on request. Only available on selected properties in England. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Help To Buy

Price caps by region

Region	Maximum Property Price
North East	£186,100
North West	£224,400
Yorkshire & The Humber	£228,100
East Midlands	£261,900
West Midlands	£255,600
East of England	£407,400
London	£600,000
South East	£437,600
South West	£349,000