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You might already have enough deposit

  • Your local Help to Buy scheme is in place to help you own your dream home.
  • You can purchase a property with as little as 5% deposit.
  • Our advisors are experts on the Help to Buy scheme and on hand for all enquiries.
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Help To Buy Government Scheme

Help to Buy scheme

A government scheme to help home buyers with small deposit

It can be daunting for both first time buyers and home movers to raise a big deposit, so the Help to Buy government scheme may be the solution.

You’ll only need a 5% deposit to get started and become the owner of a new build home.

We know that bank of mum and dad (or even grandma and granddad) are often available to help first time buyers, but it may still not be enough when property prices are so high and there’s a limit to how much mortgage you can get.

Home movers may also struggle when moving to a more expensive area for family or work reasons or after a relationship breakdown, where assets had to be split or there are now maintenance payments to consider.

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How can we help you?

As independent, whole of market mortgage brokers, we have access to the lenders who offer mortgages for the Help to Buy scheme (both for purchase and remortgage transactions) and using our experience and expertise, we can find the most suitable deal for you.

Should you have any questions during the process, we are available from start to finish to answer your queries and help you with the necessary paperwork.

Available Help to Buy schemes

Help to Buy: equity loan scheme

In England, you’ll only need a deposit of 5% with a government loan of up to 20% and a mortgage of 75%. The maximum purchase price is £600,000.

For all areas where the scheme is available, the government loan is interest free for the first 5 years, although a £1 per month administration fee is payable during this time, which does not count towards the repayment of the loan. After 5 years, the interest rate starts at 1.75%, which increases every year by the Retail Price Index (RPI) + 1%. This loan has to be repaid after 25 years or when the property is sold, if it happens earlier.

The property bought must be the only property owned by the applicant(s). Part exchange and buy to let properties in the background are not acceptable.

For further information visit

London Help to Buy: equity loan scheme

In the boroughs of London (click here for a map), the maximum equity loan is 40% to reflect the generally higher property prices. In this case, with a minimum of 5% deposit and a 40% equity loan, the mortgage is only 55% of the property purchase price.

For further information visit

Scotland Help to Buy scheme

The Help to Buy (Scotland) Affordable New Build scheme is available for new build homes with a maximum purchase price of £200,000 for purchases completing before the end of March 2018 and £175,000 for purchases before the end of March 2019.

The Scottish Government will provide an equity loan of up to 15% of the value of the property and you will need to contribute a deposit of minimum 5% of the property purchase price. In other words, the mortgage and the deposit combined must be at least 85% of the total purchase price.

Furthermore, no interest is charged on the equity stake, which can be repaid at any time.

You won’t be eligible for the scheme, if

  • you can afford to buy a home without the Government having an equity share in the property or
  • you’re buying alone and need a mortgage of more than 4.5 times your income or 3.5 times your income if you’re buying as a couple.

For further information visit

Wales Help to Buy Scheme

Here the scheme is available for new build properties costing up to £300,000.

The Welsh Government will provide a shared equity loan for up to 20% of the property purchase price in addition to your minimum 5% deposit, and the remaining balance will need to be covered by a mortgage.

For further information visit

Help to Buy: ISA

The Help to Buy Individual Savings Account (ISA) helps people save towards their first home, by giving them a cash boost from the government.

You can put in an initial deposit of £1,200 followed by £200 a month in a Help to Buy ISA and the government will add another 25% to any contributions you make. This means £50 from the Government for every £200 you save. However, the maximum bonus you can claim is £3,000, so to earn this maximum amount, you will need to save £12,000.

The bonus is claimed by your solicitor on your behalf, who will add it to the money you are putting towards the purchase of your new home. The Help to Buy ISA bonus is in addition to the Help to Buy equity loan provided by the government.

Only first-time buyers are eligible for the Help to Buy ISA, and to qualify you must:

  • take a mortgage
  • live in the house you are buying
  • not rent out the house
  • save at least £1,600 in the scheme before claiming the bonus
  • be a UK resident
  • not own any other property anywhere in the world
  • not be paying into a cash ISA in the same tax year
  • buy a house costing up to £250,000 in England or £450,000 in London.

The Help to Buy ISA limits are applicable per first time buyer, not per household. This means that if two first time buyers purchase a property together, then they can have an ISA each and combine the savings and the bonuses towards the deposit.

For further information visit

Help to Buy: mortgage guarantee scheme

This scheme finished on 31 Dec 2016, but a wide range of lenders still offers mortgages up to 95% of the purchase price.

For those who took out a mortgage with the mortgage guarantee option, further information is available on

Shared Ownership
Shared Equity
Rent to Buy
Right to Buy
Starter Homes
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