The Government’s Help to Buy scheme is helping many people trying to buy their home do just that. One in ten new build properties in London, and one in three outside the capital, are currently being bought with the help of a Government loan and we are happy to participate in the initiative.

The scheme, in its basic details, requires buyers of new-build properties to have a 5% deposit all ready and available. The Government will then provide an equity loan of up to 40% of the property value (20% outside of London), subject to certain eligibility criteria being in place. The purchaser then only has to secure a mortgage of 55% (or 75% outside of London) from a bank or building society. The Government’s equity loan is interest free for the first five years and the loan can be repaid at any time during the loan term or on the sale of the property.

Our agents can advise prospective buyers on the scheme and help them understand the eligibility criteria.


* Please note this is guaranteed income only. For example: basic income, London weighting, shift allowance, etc. Any applicant with non-guaranteed or fluctuant income (for example bonus, commission, overtime, etc) may require a higher income.

All figures are based on:

  • A 30 year mortgage term
  • Ground rent & service charge at £110 a month
  • No other loans, such as car finance agreements, student loan payments, or other credit arrangements
  • No credit card balances
  • No payslip deductions
  • No other committed expenditure (for example maintenance payments, etc.)