What is Help to Buy?
The Help to Buy scheme gives financial help to potential home buyers to buy a property they wouldn't otherwise be able to buy.
It consists of two major parts: the Help to Buy: Equity Loan and Help to Buy: Mortgage Guarantee. The Help to Buy name is now also associated with the Help to Buy: Shared Ownership scheme and potential buyers can also save their money via a Help to Buy ISA.
Especially helpful to first-time buyers and for those buying a new build home, Help to Buy has been a great success since it started. By summer 2016, it's estimated that it's helped well over 150,000 potential homebuyers achieve homeownership.