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With Help to Buy you could buy a brand-new home with just a 5% deposit. The Government then lends you a 20% equity loan, leaving you to take out a mortgage of just 75%

More Help to Buy

    • Help to Buy is a Government-backed scheme. Those looking to buy a new home, whether first time buyers or existing home owners, only need a 5% deposit to buy a new Marble Home within England and qualify for some of the best mortgage interest rates available.
    • Use the calculator below to enter the value of the property you’re interested in; this will indicate how much the Government may be able to lend based on your deposit and is calculated on the basis that the Government will offer a loan equating to 20% of the total purchase price.

Here’s how it works:

Help to Buy is available to all new homebuyers, not just first time buyers

You only need a minimum 5% deposit to qualify

The Government will lend you up to 20% of the value of your property through an equity loan

The loan can be repaid at any time or on the sale of your home

You will only need to secure up to a 75% mortgage from a bank or building society

Help to But is only available on new build homes

There is a maximum home purchase of £600,000

Help to Buy is only available on new homes in England

Why buy a new house with Marble Homes?

  • Various locations across the nation
  • Over 80% of customers recommend us to friends and family
  • 10 year Buildings Defects Insurance Warranty on all of our homes

Worked example based on a £120,000 purchase price

Deposit (5%) £6,000
Government equity loan (20%) £24,000

You arrange mortgage with lender (75%) £90,000

Total Purchase Price: £120,000

Help To Buy FAQs

When does the scheme start?

The equity loan element of Help to Buy came into operation on 1 April 2013.

How does it work?

Buyers will be provided with an equity loan from the Government of up to 20% of the value of the property. This will be interest free for the first five years. You won’t be charged loan fees on the 20% loan for the first five years of owning your home – See more at: https://www.helptobuy.gov.uk/equity-loan/equity-loans/#sthash.Dwhmb1uE.dpuf

What happens after the five years?

After this period, a fee of 1.75% is payable on the equity loan, this will rise by RPI inflation plus 1%

When will I have to pay back the loan?

The loan can be repaid at any time within the first 25 years (or the terms of mortgage), or alternatively on the sale of the property.

Why has Help to Buy been set up?

The Government is continuing its pledge to help more people across the country become homeowners. It is also concerned with increasing the supply of low-deposit mortgages and new housing

Am I able to buy a house under the new scheme?

If you can raise a 5% deposit you will be able to buy a new home under Help to Buy

What is the maximum property purchase price?

The maximum home purchase price is £600,000

Is the scheme just for first-time buyers?

Help to Buy is available for both first-time buyers and existing homeowners.

Can I use Help to Buy for a buy-to-let property?

The scheme is only available on properties that will be occupied by the person(s) who has taken out the mortgage

Am I able to get an interest only mortgage using Help to Buy?

The scheme is only available in relation to capital repayment mortgages