Help to Buy

Help to Buy

First Time Buyer? Help to Buy could get you moving with just a 5% deposit.

What is Help to Buy?

If you’re a first-time buyer, we have some great news. Help to Buy means your dream home is closer than you think. But what is it?

It is designed to help first-time buyers purchase a newly-built home. Under this scheme, all you need is a 5% deposit and you can borrow 20% of the purchase price interest-free for the first five years*. If you live in London, you can borrow up to 40% of the purchase price, which goes a long way towards the final cost. Visit our Help to Buy blog to learn more about the scheme. 

Help-to-Buy offers a number of options to get you moving:

Equity Loan: First Time Buyers

The Help-to-Buy Equity Loan gives First Time Buyers a lift on to the property ladder by making the purchase more affordable. Under this scheme the Government will lend you 20% of the purchase price interest-free for the first five years. You then only need a 5% cash deposit and a 75% loan-to-value mortgage to make up the rest. With a larger deposit, you then have access to more attractive mortgage rates than on a higher loan-to-value mortgage of 80-90%.

Shared Ownership

If you can't afford a 100% mortgage on your own then shared ownership allows you to buy a share of your home (between 25-75% of the property value) and then pay rent on the remaining share. You can then choose to buy more shares later on to increase your ownership when you can afford to.

Equity Loan: London

If you're looking to move to London, the London Help-to-Buy Equity Loan scheme helps First Time Buyers with a 40% Government loan due to higher house prices. Under this scheme, the Government will lend you 40% of the purchase price interest-free for the first five years. You still only need a 5% cash deposit and then a 55% loan-to-value mortgage to make up the rest.

Why Countrywide Mortgage Services?

Why Countrywide Mortgage Services?

Countrywide have access to thousands of mortgages covering high street lenders and mortgage schemes, we also have a selected panel of mortgage lenders who provide us with variety of exclusive deals.

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A fee will be payable for arranging your mortgage. Your Consultant will confirm the amount before you choose to proceed.

Countrywide Mortgage Services and Countrywide Insurance Services are trading names of Countrywide Principal Services Ltd which is authorised and regulated by the Financial Conduct Authority (Firm Registration Number 301684). Registered Office: Countrywide House, 6 Caldecotte Lake Business Park, Caldecotte Lake Drive, Milton Keynes, MK7 8JT. Registered in England no. 01707341. 777FTB WEB 02/20

Please note: 0800 118 2825 is a freephone number; some mobile providers may charge.

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