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Help to Buy England

YOU CAN AFFORD MORE THAN YOU THINK WITH HELP TO BUY.

With a Help to Buy: Equity Loan, the Government lends you up to 20% of the cost of your newly built Story home, so you’ll only need a 5% cash deposit and a 75% mortgage to make up the rest. This means you can afford more than you might think, so you can secure your dream new home. 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.

EQUITY LOAN EXAMPLE ON A £250,000 STORY HOME PROPERTY

HTB Icon England

How does it work?

Who can use Help to Buy?

Currently anyone can use the scheme, whether you are a first-time buyer or already own a property, subject to meeting the relevant eligibility criteria.

Do I need repay the equity loan?

Yes, you can pay this back at any time or upon the sale of your home. The loan is interest free for the first five years, however you will be charged a small £1 admin fee every month.

Can I put down a bigger 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.

Can I use it on any Story home?

Help to Buy can be used on any of our properties up to the value of £600,000.

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

You can speak to one our 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. Don’t worry, we have other schemes to help get you moving if Help to Buy isn’t right for you.

Browse our Help to Buy homes below:

HELP TO BUY IS CHANGING

From April 2021 the Help to Buy: Equity loan scheme is changing. It will be available to first-time buyers and the property value it can be used on will vary depending on the location you are purchasing your new home in. Here’s the regional price cap breakdowns for Help to Buy homes purchased from April 2021 – March 2023:

  • North East: £186,100
  • Cumbria & the North West: £224,400

Selected homes can still be reserved using the current scheme, however this is plot specific as the home must be complete before the new scheme starts in April 2021. As such, the final reservations under the current scheme will need to take place by the 15th December.

You can find out more about this change on the Help to Buy website.

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.

Speak to a Sales Executive to 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 is subject to eligibility, terms and conditions. It is available on properties up to a maximum value of £600,000 in England. If you qualify for Help to Buy assistance and you raise a mortgage of at least 75% of the purchase price of your new home from a lender, you can borrow up to 20% of the purchase price by taking out an equity loan secured over your new home from the Government’s Homes & Community Agency (HCA) over a period of 25 years. This equity loan is interest free for the first five years. There is a monthly £1 admin fee. A 5% deposit is required by the lender. More may be required depending upon circumstances and your lender’s criteria.