Help to Buy is a set of Government schemes designed to help you in the property market. Whether you're a first-time buyer or looking to move up the property ladder, Help to Buy schemes are available on all our homes in England up to £600,000.

The Government-backed Help to Buy scheme is intended to make mortgage more readily available to hard working people like you and may help you qualify for some of the best mortgage rates around. Watch this short, straight-talking video from RightMove to get all the facts on Help to Buy and understand if it is right for you.

HELP TO BUY OPTION ONE - EQUITY LOAN

With a Help to Buy: Equity Loan the Government lends you up to 20% of the cost of your newly-built home, so you’ll only need a 5% cash deposit and a 75% mortgage to make up the rest.

You won’t be charged loan fees on the 20% loan for the first five years of owning your home.

Here you see an example of how this would work for a £200,000 home.

HELP TO BUY OPTION TWO - MORTGAGE GUARANTEE

A mortgage supported by the Help to Buy: mortgage guarantee scheme works in exactly the same way as any other mortgage except that under the scheme the Government offers lenders the option to purchase a guarantee on mortgage loans.

Because of this support, lenders taking part are able to offer home buyers more high loan-to-value mortgages (80-95%).

You will still be fully responsible for your mortgage repayments. So, if you have a 5% deposit, you will need to take out and pay back a 95% mortgage.

HELP TO BUY OPTION THREE - ISA

If you are saving to buy your first home, save money into a Help to Buy: ISA and the Government will boost your savings by 25%. So for every £200 you save, receive a government bonus of £50.

The Help to Buy ISA is available from a range of banks, building societies and credit unions and the accounts are available to each first time buyer, not each household. This means that if you are planning to buy with your partner, for example, you could receive a government bonus of up to £6,000 towards your first home.

You can then save up to £200 a month into your Help to Buy: ISA and when you are close to buying your first home, you will need to instruct your solicitor or conveyancer to apply for your government bonus. Once they receive the government bonus, it will be added to the money you are putting towards your first home.

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