Help to Buy
Help to Buy is a government backed scheme, where a shared equity loan is available from the government in England, Wales and Scotland to both first-time buyers and home movers, on new build homes worth up to £600,000 in England £200,000 in Scotland (which complete on or before 31st March 2018) and £300,000 in Wales. Enabling you to obtain a mortgage, in some instances, with a deposit as little as 5%.
Under the scheme, the Homes and Communities agency, lends you up to 20% in England & Wales, 40% in London and 15% in Scotland, of the cost of a new-build home included in the Help to Buy scheme, interest-free for five years. This equity loan, combined with your minimum buyer deposit of at least 5%, is available with any of our select Help to Buy residential mortgages at up to 75% Loan-to-Value (LTV) in England, Wales and London and up to 80% Loan-to-value (LTV) in Scotland, giving you access to a wide range of attractive mortgage rates.