Help to Buy

The Help to Buy equity loan is a government scheme that lends you up to 20% (40% in London) of the cost of a new build home.

This is a great option for some as it allows you to buy a home even if you couldn't ordinarily afford the full mortgage. You only need to back this loan when you pay off your mortgage, sell your home, or come to the end of your loan term.

However, the amount you pay back is tied to the value of your home. So if the value of your home increases, you'll have to pay back more. On the flip side, if the value of your home decreases, you have to pay back less.

For a full explanation, see this Government Guide. Alternatively, Contact Us for a free mortgage consultation.