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What is Help To Buy? 

The new version of the government’s Help to Buy scheme in England started on 1 April 2021 and is open to first-time buyers only, until 2023.

Watch our helpful guide below.

A qualifying buyer only needs to provide a deposit of 5%, the government provides an equity loan of 20% of the price (40% in Greater London) and the buyer needs to get a mortgage for 75% of the purchase price (55% in Greater London). The equity loan is interest-free for the first five years.

Unlike the old version of Help to Buy, there are how the regional maximum prices which qualify for purchasing a new build home with the scheme:

North East £186,100
North West £224,400
Yorkshire and the Humber £228,100
East Midlands £261,900
West Midlands £255,600
East of England £407,400
Greater London £600,000
South East £437,600
South West £349,000

Whathouse? Help to Buy resources

Our guide Help to Buy scheme. Our eligibility guide. Repaying your loan

Some rules remain the same on the new version of Help to Buy. You must:

·         be a UK resident

·         be purchasing a new build home

·         not own any other property at the time of the equity loan

·         not rent out the home for buy-to-let purposes

·         generate enough income to keep up the mortgage repayments

So, to make the most of Help to Buy in England, search for a new home today.

Wales and Scotland governments have their own versions of Help to Buy and other buyer assistance schemes.

How much is my home worth?Enter your postcode and address with us, you can receive a free estimate within seconds. Or you can also search for sold house prices and estimates in any area.
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Case Studies

How does it work?

What's best for me, equity loan or the mortgage guarantee scheme?

Can I buy a home off-plan?

Do I have to pay stamp duty?

Are there any restrictions on the type of property I can purchase?

Can I rent out my Help to Buy home once its bought?

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