Help to Buy Scheme Calculator
The Help to Buy scheme, backed by the government, is designed to help you get on or move up the property ladder, with a deposit of as little as 5%.
The scheme, available on new build homes, is open to all home buyers – whether you’re a first time buyer or looking to move on from your current property. It makes buying a home more affordable, by reducing the amount you’re required to save up for a deposit. All you need to do is provide a deposit of 5%, and the government will give you a loan of up to 20% of the value of your new home, giving you a 25% deposit in total. That means you can get a mortgage of 75%, making buying a new build home more affordable all round.
Use the Help to Buy scheme calculator on our partner’s website to find out how the offer can help you increase your budget for buying a home.