First Time Buyers: Buy a new home with 5% deposit
This government-backed scheme allows you to own 100% of your home and only pay 80% of the price upfront. You provide the 5% deposit and the government will lend you up to 20% as an equity loan. You can then apply for a mortgage based on the remaining 75% of the house price.
The Help to Buy: Equity Loan is available to first time buyers and is subject to eligibility, terms and conditions apply. Regional price caps do apply, and rhe Equity Loan is only avauilable on new build homes, built between April 2021 and March 2023.
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