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Help to Buy

Help to Buy Mortgage Information

Payam Azadi Director – Specialist Finance Expert · 2 min read

by

Published 20 March 2013 · Last reviewed 1 May 2026

Help To Buy scheme

Low deposit Mortgage options for new build properties via the government Help To Buy scheme

  • Finance Your New Property Purchase – With A Small Deposit
  • 20% Deposit Provided In Return For A Stake In The Property’s Growth
  • Available From 1st April 2013 – Register Your Mortgage Interest Now To Avoid Disappointment

Never thought you would be able to be a homeowner? Think again the New Help To Buy scheme launched in today’s Budget presents first time buyers or subsequent borrowers the opportunity to purchase a New Build Property with a 5% deposit.

Previously known as ‘First Buy’, the Help to Buy scheme has substantial extra government funding and is open to subsequent purchasers whereas previously restricted to first time buyers only.

20% of the deposit is effectively provided by the government by way ‘interest free loan’ over 5 years. In return the government take a 20% stake in the value of the property which they will realise on sale. To balance this generosity and safe guard the government’s interest after 6 years a nominal charge of 1.75% is payable on the equity loan, which rises annually by RPI inflation plus 1%.

Opportunities like this normally occur once in a life time so take advantage of the governments desire to kick start the property market.

Some more infomration on Help to Buy scheme

  • New build Properties
  • You’ll need a minimum 5% deposit the rest the goverment will cover
  • Available to all, not just first-time buyers this can help people who are currently stuck in a small property
  • You will need a 75% mortgage which we can help you get. The good news is at 75%  loan to value mortgage are very competative and we have access to the whole of the market.
  • The Help to Buy scheme is available from 1 April 2013.  It will run for 3 years so you have plenty of time to plan.
  • Maximum purchase of £600,000.

As a Mortgage Broker who has been active in the FirstBuy scheme we welcome this fantastic news and whole-heartedly support the new Help to Buy initiative. We are able to provide full assistance with the finance for the other 75% and we can access the ‘whole of the market’ for the best products and lenders as and when they become available.

Register your Interest now

is a partner at Niche Advice Ltd who are Independent Financial and Mortgage Advisers in London.

0207 993 2044