A 5% deposit with Help to Buy.
It’s something small that makes a big difference to first time buyers.
A little give and take. That’s what life is all about. And it applies to the new Help to Buy scheme too. Where giving just 5% deposit means you can take one of our new, beautifully-designed homes and make it all yours. With a 75% mortgage and a 20% government equity loan of course, and in London with a 55% mortgage and a 40% government equity loan.
What makes the new scheme new? Well, there are now regional property price caps in place. That means you can use Help to Buy on your first new home providing you spend between £186,000 to £437,600.
Then, once you’ve found your new home, you just need to pay your £500 reservation fee*, and look forward to moving in. And that’s the best bit.