Mortgage guarantee scheme
Up to 95% mortgages
You can apply for the scheme with a minimum deposit of 5% of the property purchase price, whether you’re buying your first home or planning to move.
Help to buy mortgages
You can no longer apply for the government’s Help to Buy scheme
You can no longer access the equity loan from Homes England, and you won’t be able to complete using a Help to Buy: Equity Loan mortgage. Find out more about the scheme here: www.gov.uk/help-to-buy-equity-loan
If you have any questions about your mortgage offer, please contact your mortgage advisor or broker for more information.
About Help to Buy and shared ownership
About Help to Buy and shared ownership
What is Help to Buy? Help to Buy means you can apply for a mortgage with a 5% deposit. The government provides a loan (called an equity loan) of up to 40% for London properties or 20% outside London (the limit is 15% in Scotland). You then borrow the rest of the purchase amount as a mortgage from us. The government loan means you borrow less from the mortgage provider, giving you a wider range of mortgage rates to choose from because your loan-to-value ratio is lower.
Who’s eligible for a Help to Buy equity loan? In England, you’ll need to be a first-time buyer to qualify. In Scotland and Wales, you don’t need to be a first-time buyer, but you can’t own another property in addition to the one you’re selling. Wherever you live, you won’t be able to rent out any part of the property you buy.
Is Help to Buy only for new-build properties? Yes. Ask the property developer if the property you’re interested in is eligible for Help to Buy.
More Help to Buy mortgage questions? Read the government’s guide to affordable home ownership schemes.
Shared ownership mortgages
Buy part of a home and pay rent on the rest
A government-backed scheme helps you buy a home with a fraction of the usual deposit or mortgage.
Help to Buy examples
|
Purchase price |
Your 5% deposit |
Max equity loan limit |
Max equity loan |
Mortgage from us |
|
|---|---|---|---|---|---|
|
London |
£400,000 |
£20,000 |
40% |
£160,000 |
£220,000 |
|
Outside London |
£300,000 |
£15,000 |
20% |
£60,000 |
£225,000 |
|
Scotland |
£200,000 |
£10,000 |
15% |
£30,000 |
£160,000 |
Examples based on maximum equity loan for each region
How to apply
Call us or visit a branch to make an appointment where we can discuss whether Help to Buy is suitable for you.
Chat to us online
If you already bank with us, you can open a chat in Online Banking.
Call us
0333 202 7580
Our mortgage experts are available Monday to Friday from 8am to 8pm, Saturdays from 9am to 5pm, Sundays closed, and bank holidays from 9am to 5pm. To maintain a quality service, we may monitor or record phone calls.Call charges.
Starting your mortgage application
Get ready to apply
Find out how to book an appointment to start your mortgage application, and see the list of documents and information you’ll need to provide.
Visit a branch
Find a branch near you that offers appointments with mortgage advisers and see when we’re open.