WHAT IS THE HELP TO

BUY SCHEME & HOW

DOES IT WORK?

The Help to Buy scheme is a private purchase meaning you own 100% of your new home. The scheme is open to first-time buyers regardless of income for new build properties up to £600,000 through a range of lenders.

The equity loan of 40% of the property value is interest-free for the first five years, after which the annual fee is 1.75% of the outstanding loan. This is increased annually by RPI plus 1%. The loan must be repaid after 25 years or earlier if you sell your home.

Have a look at our example below!