We’d all love the opportunity to own our own home however for many of us raising a deposit seems an impossible task.
Thankfully there are Government-sponsored housing schemes that could help you in various ways.

Help to buy is a Government backed low-interest loan that you can use towards your deposit.

With this scheme you only need to find 5% deposit yourself and the Government will lend up to 20% (up to 40% in London) of the purchase price.  The lenders we work with understand this scheme completely and they’re happy to lend the remaining 75% (up to 55% in London) that you need to complete on your new home.

There’s more good news…

You won’t have to pay any fees on the Government equity loan for the first 5 years.  In the sixth year, you’ll be charged a fee of 1.75% of the loans value.  The fee then increases every year according to the Retail Prices Index plus 1%.  You must pay back the loan after 25 years or when you sell your home – whichever comes first. 

The total amount you pay back depends on how much your home is worth when the time comes to repay the loan.