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Help to Buy England


With a Help to Buy: Equity Loan, the Government lends first time homebuyers up to 20% of the cost of the property, so you’ll be able to own a beautiful Story Home with only a 5% cash deposit. Then you’d get a 75% mortgage to make up the rest.

This means you can afford more than you might think. The loan is interest-free for the first five years, however you will be charged a small £1 admin fee every month. The loan can be paid back at any point or upon the sale of your home.


How does it work?

Who can use Help to Buy?

The Help to Buy scheme is only available to first time homebuyers.

How do I repay the equity loan?

You can pay this loan back in full at any time or upon the sale of your home, the term of the loan is 25 years. The equity loan is interest-free for the first five years, however you will be charged a small £1 admin fee every month. You will be charged interest on the loan from year six. All rates can be found on the Help to Buy website.

If you choose to pay the loan back upon the sale of your home, the amount you pay back will be determined by the selling price of your home – for example, if you borrowed 20% of the value at the time of purchase, you will owe 20% of the value at the time of selling.

Can I put down more than a 5% deposit?

As a minimum, you need a 5% deposit to use the Help to Buy scheme, however you can put down a larger deposit which would reduce the equity loan you receive from the Government.

For example, if you reserve with a 10% deposit, the equity loan will be 10% and you would get an 80% mortgage to make up the rest.

Can I use Help to Buy on any Story home?

There are regional price caps that determine which Story homes can be purchased with Help to Buy. In Cumbria and the North West the maximum property value it can be used on is £224,400. In the North East, it’s £186,100.

Can I own more than one property with Help to Buy?

You can only own one property while the Help to Buy equity loan repayment is outstanding. Once you have paid the loan back in full you can purchase a second home.

How can I find out if I can use Help to Buy and afford a Story home?

You can speak to one our helpful Sales Executives who will give you the contact details of an independent financial advisor, who can advise you what you can afford and whether Help to Buy is right for you.

If you are not eligible for an Equity Loan, don’t worry, we have other schemes to help get you moving if Help to Buy isn’t right for you.

Your dream Story Home awaits.

Browse our Help to Buy homes below:

Speak to our Sales Executive about how you can secure a well-built, beautifully styled Story home with 100% confidence and just a 5% deposit.

HOME Scheme

Do you have a property to sell? Let us do it for you. With our HOME Scheme you can reserve your dream new Story Home and we will market the sale of your property and cover your Estate Agency fees* too.

Find out more

Earlybird Scheme

If you wish to reserve your dream Story home but it’s not yet been officially released for sale, our early bird scheme gives you the opportunity to make it yours.

Find out more

Part Exchange

Find out how we could be the guaranteed buyer of your current property, allowing you to secure a new Story Home.

Find out more

Terms & Conditions

Help to Buy: Equity Loan (2021-23) England is subject to eligibility terms and conditions. It is available to first time buyers on properties up to the maximum value of the regional price caps; North East £186,100, North West and Cumbria £224,400. If you qualify for Help to Buy assistance and you raise funding of at least 80% of the full purchase price of your new home (comprising up to a maximum of 75% from a mortgage lender plus your own deposit of no less than 5%), you can borrow up to 20% of the purchase price by taking out an equity loan secured over your new home from Homes England over a period of 25 years. This equity loan is interest free for the first five years; interest will be charged from year six. There is a monthly £1 admin fee. A cash deposit of at least 5% is required from you, however you can choose to put down more. More may be required depending upon circumstances and your lender’s criteria. The property purchased must be your only residence and you cannot have owned a home or a share in a home in the past. If the property is to be purchased jointly with others, all of the parties purchasing must be first time buyers and will be subject to the eligibility terms and conditions. You cannot purchase another property whilst the equity loan repayment is outstanding.