HELP TO BUY
Buying a property is now more affordable with Help to Buy and not just for first time buyers!
Help to Buy has stood the test of time and become a well-established scheme.
With Help to Buy, you could get up to 20% of the price of a new home funded by the government with no interest for the first 5 years.
A property from Future Homes is possible with only a 5% deposit!
For a home which is £200,000 the following figures would apply:
WHO IS ELIGIBLE?
The equity loan scheme is not only available for first time buyers, but is also available for homeowners looking to move as long as the property is newly built and is under £600,000.
Help to Buy must only be used for when you are looking to move in and occupy the property yourself (not sublet).
Help to Buy must only be used to buy your only property (you cannot have an existing property and use Help to Buy to purchase an additional property).
From April 2021 the Help to Buy will change! It will ONLY be available for first time buyers and not those who have previously owned or purchased a property. The price cap will also be regional so for the South East the cap will change from £600,000 to £437,600.
For full information on eligibility visit the Help to Buy website: Help to Buy Equity Loan Eligibility