Help to Buy in England

 
Help to Buy England
The Help to Buy scheme is designed to help first-time buyers to purchase affordable new build homes in England. Find out how the scheme can benefit you with WhatHouse?
What is Help to Buy?
Available only on brand new homes, Goverments "Help to Buy scheme" gives financial assistance to new home buyers by reducing the deposit required down to 5%.
 
Now used as an ‘umbrella’ brand for a variety of government homebuying schemes, the main part of this initiative provides financial assistance to buyers in the form of an equity loan, a lump sum added to the purchaser’s deposit to reduce the size of the mortgage they need. This loan is interest-free for five years and only needs to be repaid when the property is sold. Hundreds of housebuilding companies have signed up to the scheme, and there are just a few eligibility criteria for potential buyers to meet in order to qualify for it.

The latest statistics from the government show that over 100,000 homes were purchased with this equity loan from the launch of the scheme in April 2013 to the end of September 2016, with 80% of them purchased by first-time buyers.
 
young couple looking at new homes

aerial view of a town in England
Help to Buy England
The scheme in England is available to new build homes costing up to £600,000. The buyer needs a 5% deposit on the property, and receives a 20% equity loan from the government, so the purchaser has to find a mortgage for the remaining 75% of the property price.

Read more

Case Studies
Hannah and Chelsea in their new home
28 June 2018
Thanks to the Help to Buy scheme and a gift from Bank of Mum, first-time buyers Hannah and Chelsea have been able to get on the property ladder.....
Read more 
Alan, Cheryl and their children
19 June 2018
A Bedfordshire couple has used the Help to Buy scheme to upsize to a family home at David Wilson Homes’ Kingsley Manor development in Langford…
Read more 
Maddie, Alex and Harry outside their new home
12 June 2018
The Cawston Rise development in Rugby from William Davis Homes proved to be the perfect choice for first-time buyers, Maddie and Alex…
Read more 
Recent News
Hastings Manor (Taylor Wimpey)
16 July 2018
The WhatHouse? team picks its selection of the very best new build homes for sale across the East Midlands region...
Read more 
Lyon Square (Redrow London)
12 July 2018
The WhatHouse? team reports on the coming week's events and launches in the new homes market, and the special offers available...
Read more 
Oak Point (Clearview Homes)
11 July 2018
WhatHouse? takes a tour of Clearview Homes' impressive new show apartment at its Oak Point development in Hillingdon...
Read more 
Sign up to our newsletter

Get all the up-to-date information on new homes, government buying schemes and initiatives, tips on moving home, saving and much, much more.


© 2018 WhatHouse
Click here to see your activities