Residential properties

Help to Buy Mortgage guarantee

• Available to both home owners and first time buyers

• You'll need to secure up to 95% mortgage from a participating mortgage lender
• The Government will provide the lender with a guarantee of up to 15% of the property value - there will be no additional paperwork or charges for you
• Available on house purchases up to £600,000 in England, Scotland and Wales.

Help to Buy Equity Loans

• Help to Buy equity loans is available to all new homebuyers, not just first time buyers.
• You only need a minimum 5% deposit to qualify
• The Government will lend you up to 20% of the value of your new home through an equity loan

• The loan can be repaid at any time or on the sale of your home
• You will only need to secure up to a 75% mortgage from a bank or building society
• Help to Buy only available on new build homes
• There is a maximum home purchase of £600,000
• Only available on new homes in England

Worked example based on a £170,000 purchase price:

• Deposit (5%) £8,500
• Government equity loan (20%) £34,000
• You arrange mortgage (75%) £127,500
• Total purchase price £170,000

 *Offer available on selected developments and properties and subject to terms and conditions. Please ask our Sales Advisor for more details.