Help to Buy
Help to Buy: Equity Loan has now closed to new applications
If you’re buying a home with Help to Buy: Equity Loan and would like information about your application, contact your Help to Buy agent. You can also find information about the application process in the Homebuyers’ guide to Help to Buy: Equity Loan.
If you have a Help to Buy: Equity Loan, you can find information about interest payments and how to
make changes to your equity loan on www.gov.uk/manage-equity-loan.
While Help to Buy has come to an end, there are still several schemes that can help you get on or move up the property ladder. See our schemes below.
Help to Buy alternatives
Deposit Unlock: a mortgage indemnity scheme available to first time buyers and home movers allowing customers to purchase a new build property with only a 5% deposit. The scheme is managed by the Home Builders Federation and insurer Gallagher Re and offers participating lenders insurance against repossession. You can read more about Deposit Unlock here.
First Homes: this is a government backed scheme that offers full ownership of new-build homes at a discount of at least 30% compared to equivalent properties on the open market. The scheme is only available to first-time buyers, with a capped household income. Find out more about First Homes here.
Green Mortgages: There are exclusive mortgage products which could offer lower interest rates on properties that carry an energy performance certificate or a predicted energy assessment rate of A – C. Think of it as a reward for buyers who are helping our planet by purchasing an energy efficient home. All Countryside homes have a rating of B or above so this type of mortgage may be ideal if you are looking to purchase a new build home.
If you are a first-time buyer and you are concerned about how to get onto the property ladder, our sales consultants can recommend an Independent Financial Advisor (IFA), who will offer you tailored advice based on your financial circumstances. In addition, many of our homes come with incentives to help you buy, you can speak to a sales consultant at your chosen development to find out more.
Help to Buy ISA
New applications for a Help to Buy ISA are now closed
Help to Buy ISAs are no longer available, however, if you opened one before applications closed on 30 November 2019, you can continue saving into your account and earning a government bonus to put towards your first home until November 2029.
The government bonus can only be put towards a first home located in the UK, with a purchase value of less than £450,000 or less in London and £250,000 or less in all other parts of the UK.
You can find out more about the Help to Buy ISA on the Government website