The Help to Buy Scheme has changed. To be eligible for Help to Buy: Equity Loan (2021-2023) you must be a first time buyer.
The Help to Buy Scheme is available until March 2021 for first time buyers and existing homeowners. However, from April 2021 it will only be available to first time buyers.
The Government will lend you up to 20% of the value of your new home via an equity loan, so you will only need to secure a 75% mortgage. The equity loan is interest free for five years and you can pay it back at any time or on the sale of your home. This initiative is available to help all homebuyers, not just first time buyers, to own their own new build home in England.
For more information view the Help to Buy guidelines or speak to a Sales Executive on 07900 221896.