Help to buy.

Lower your deposit to get on the ladder.

The Help to buy scheme offers an equity loan where the government lends first time buyers, and those of you looking to move up the ladder, money to buy a newly-built home.

The property price must be less than £600,000. You can borrow 20% of the purchase price interest-free for the first five years as long as you have at least a 5% deposit.

If you live in London, you can borrow up to 40% of the purchase price.

The equity loan is interest free for the first five years. After that, you will pay a fee of 1.75%, rising annually by the increase (if any) of the Retail Price Index (RPI) + 1%.

The equity loan can be repaid at any time within 25 years (or the term of the mortgage), or on the sale of the property.

Example

Cost of home – £200,000

£200k purchase price
£150k
75% Mortgage from commercial lender
£40k
20% Government loan
£10k
5% Buyer deposit

To apply you will need to find a property through a participating registered builder and complete their relevant paperwork.

We can help you with all aspects of your help to buy purchase. Give us a quick call on 020 8517 1141 to chat to an advisor and find out if you're eligible for help to buy.

Check the latest help to buy mortgage rates to find out how much you could borrow —

Help to buy checker

Make a quick enquiry.

Get mortgage happy.

Enquiry form

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Why do you need my data and what will it be used for?

We need to know your basic personal data so we can make contact with you and respond to your message, request or query. All the personal data we process is processed by our staff in the UK.

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Your data will only be shared with third parties if this is necessary to respond to your request. If this is the case, we will seek your permission before passing on your details.

How long do you keep my data for?

We may store your data for up to six years past the end of any business relationship, after which time it will be securely destroyed. If you would no longer like us to process your data at any time, you have the right to object to processing of your data. To do this, please contact enquiries@homeofmortgages.co.uk

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You have the right to object to the processing of your data. You also have the right to request access to your data at any time. You have the right to rectification and/or erasure of personal data or restriction of processing. If you wish to raise a concern related to how we have handled your personal data, you can contact us to have the matter investigated at compliance@sdlgroup.co.uk. If you are not satisfied with our response or believe we are processing your personal data not in accordance with the law, you can complain to the information commissioner’s office: https://ico.org.uk

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We’ll find you the best deals for
your help to buy.

We’ll find you the best
from the best.

  • BM Solutions from Birmingham Midshires
  • Virgin Money
  • The Mortgage Works
  • Platform, part of The Co-operative Bank
  • Kent Reliance for Intermediaries
  • Natwest
  • Post Office Money
  • Bank of Ireland for Intermediaries
  • Nationwide
  • Accord Mortgages
  • Scottish Widows
  • Halifax
  • Paragon

Remember Your home may be repossessed if you do not keep up repayments on your mortgage

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