Helping You Move – Help to Buy Schemes

Help to Buy (England)

In England the Help to Buy scheme lets you borrow up to 20% of the purchase cost as a loan on properties valued up to £600,000. This means you need just a 75% mortgage and only a 5% deposit to make up the rest. The government loan is interest free for the first five years and owners are free to sell their homes at any time.

Help to Buy (Wales)

In Wales the Help to Buy scheme lets you borrow up to 20% of the purchase cost as a loan on properties valued up to £300,000. This means you need just a 75% mortgage and only a 5% deposit to make up the rest. The government loan is interest free for the first five years and owners are free to sell their homes at any time.

Help to Buy Mortgage Guarantee

Through the Help to Buy Mortgage Guarantee scheme, available in England and Wales, the government guarantees mortgage lenders up to 15% of the value of the property so house buyers can take out higher loan to value mortgages.

To qualify for the Help to Buy Mortgage Guarantee buyers first need a 95% mortgage from a bank or building society which participates in the mortgage guarantee scheme.