Help to Buy

A low deposit is no longer a barrier to home ownership

FirstBuy Scheme

Buy your first home or move up the property ladder with just a 5% deposit

Whether you’re a mover or a first time buyer, your dream property is now within easy reach. The two Help to Buy schemes, run in conjunction with HM Government, allows those with a 5% deposit to buy their perfect home.

How does Help to Buy work?

There are two Help to Buy schemes available; Equity Loans and Mortgage Guarantee.

Equity Loans are available to both First Time Buyers and home movers on new build home in England and Scotland.

+ New build only
+ Only a 5% deposit needed
+ Available to all First Time Buyers and existing homeowners
+ The Government will lend you up to 20% of the value of your new build home. The loan can be repaid at any time or on the sale of your home, this means it is interest free for 5 years.*
+ This means you'll only need up to a 75% mortgage
+ Maximum home purchase of £600,000

*Unlike the mortgage amount borrowed, the Government's loan is an equity loan so will rise and fall in line with the property's value changing. The loan is interest free for 5 years. After 5 years the loan will be subject to an annual charge of 1.75% that will rise each year by the Retail Price index plus 1%. The outstanding loan will need to be repaid upon the sale of the property. Fees don't count towards repaying back the equity loan.

Mortgage Guarantee
Mortgage Guarantees helps both First Time Buyers and Homemovers buy their dream home with only a 5% deposit. Available across the UK, buyers can use mortgage guarantee on either new builds or existing homes.

+ New Build and existing homes
+ Only a 5% deposit needed
+ Available to all First Time Buyers and existing homeowners
+ The Government will guarantee up to 15% of the value of your home with your lender
+ This means you'll have access to low deposit mortgages ranging from 80-95%
+ Maximum home purchase of £600,000

Speak to a Countrywide Mortgage Consultant

Speak to a Countrywide Mortgage Consultant! To find out more about all the options available to you, phone us today on 0800 988 7925 or request a call back to arrange an appointment with your local Mortgage Consultant who will have a wealth of knowledge and expertise in the mortgage market.

Contact an agent Contact Us

Your home may be repossessed if you do not keep up repayments on your mortgage.

A fee will be payable for arranging your mortgage. Your Mortgage Consultant will confirm the amount before you choose to proceed.

Terms and conditions apply. Mortgage Availability depends upon your circumstances.

Countrywide Mortgage Services, Countrywide House, 88-103 Caldecotte Lake Drive, Caldecotte, Milton Keynes. MK7 8JT.

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