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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 the brand new Government-backed scheme, launched in the recent budget. 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, up to £600,000 in value, and qualify for some of the best mortgage interest rates available.

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

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

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.

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

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.

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

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

The maximum home purchase price is £600,000

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

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

The scheme is only available in relation to capital repayment mortgages