What is a ‘Help to Buy’ mortgage and can I apply for one?
Help to Buy is a Government scheme that can help you get a mortgage with just a 5% deposit. There are 3 ways you can take part in the scheme:
- Help to Buy equity loan – the government lends you money towards your deposit on a new-build home
- London Help to Buy equity loan – an equity loan specifically for people looking to buy a new-build home in London
The Help to Buy mortgages are available to first-time buyers and those looking to move home.