Help to Buy (formerly HomeBuy)

The government runs Help to Buy schemes to help make buying your first home or moving up the property ladder more affordable:

Shared ownership

Shared ownership lets you buy a percentage share of a property, while a local housing association keeps the rest. You then pay rent on the share owned by the housing association. Shared ownerships are sometimes called part-buy part-rents.

In most cases you can then buy a bigger share of the property later on to reduce the amount you have to pay in rent.

Equity loans

For some new build properties, the government can lend you up to 20% of the cost of the property.

You can add this to a 75% mortgage so you only need to provide a 5% cash deposit to make up the rest.

You also won't be charged any interest on the 20% equity loan for the first 5 years of owning your property.

Want to know more?

For more information on Help to Buy schemes and find out what help is available for you, please visit:

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Page last updated: 05 October 2022

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