Help to Buy new homes

Purchase a home with as little as a 5% deposit

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We list a wide selection of developments that are available to purchase with Help to Buy (HTB). With this government scheme, you may only need to pay as little as a 5% deposit, compared to the much higher deposits required by many mortgage lenders.

We know that getting onto the property ladder can be a challenge, especially for First Time Buyers. That's why we provide those looking for a new home with the most comprehensive and up-to-date collection of new homes from the most highly rated new house builders across the UK.

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What is Help to Buy?

The government launched the Help to Buy scheme to make it easier for you to buy your first property. If you are in a position where you want to buy a new property, but you cannot afford a large deposit, this could be an excellent option.

How long will it last?

The scheme scheme will run until 2023, but from April 2021 will be restricted to First Time Buyers and there will be regional price caps on the purchase price.

How does it work?

Based on a home worth £200,000, you would contribute at least a 5% deposit, e.g. £10,000, the Government would then give you an equity loan for up to 20% of the price, e.g. £40,000, and your mortgage provider would give you a mortgage of up to 75% to cover the rest, e.g. £150,000.

The government loan is interest free for the first five years after you purchase your property, after which a fee will apply starting in the 6th year. Your solicitor or conveyancer will be able to give you more precise information regarding your future fees.

What is the eligibility criteria?

To be eligible you must be 18 or over, you cannot own a property at the time of completing your purchase of your new home, and the purchase price of the property you are planning to buy is less than £600,000 (until April 2021, when there will be regional price caps).

Where is HTB available?

The scheme is available in England and Wales only. However similar schemes are available in Scotland, and Northern Ireland.

How do I find out more

Most new home developers will be able to offer advice on the availability of Help to Buy schemes at their developments. You can also talk to a Help to Buy agent in the area you want to live. Find out more about Help to Buy with our free Help to Buy guide.

What other schemes are available?

The Shared Ownership scheme is another excellent way to buy a newly built home. If you are eligible under the scheme, you purchase between 25% and 75% of the value of the property. You will need a deposit and a mortgage to pay for the share of the house that you want to buy. The remaining share is owned by a housing association, and you will pay rent comprising up to 3% of this amount. Find out more about Shared Ownership here.