The Help to Buy scheme has been around since 2013. It was designed to give a lot more people the opportunity to buy and own their own home. The help to buy scheme is very useful for families who have the ability to pay the monthly mortgage payments but don’t have the required deposit to purchase the house.

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The two types of Help to Buy schemes are:


The Government provides the buyer with up to 20% interest free loan based on the property value for a period of 5 years. After 5 years interest will then be chargeable. The buyer will only require a deposit of 5% and will be able to get a mortgage for the remaining 75%. This scheme is only available based on the following.

  • Registered new-build homes
  • First time buyers
  • Not available for second homes
  • Not available for buy-to-lets
  • Only available on properties with a value up to £600,000