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Help to Buy

Discover how you could move with just a 5% deposit

The Government’s Help to Buy scheme aims to help buyers who have a deposit of at least 5% to buy a new home up to the value of £600,000. The government will lend you up to 20% of the value of your new home via an equity loan, so you will only need to secure a 75% mortgage. The equity loan is interest free for five years and you can pay it back at any time or on the sale of your home. This initiative is available to help all homebuyers, not just first time buyers, to own their own new build home in England.

For more information download our Help To Buy leaflet or speak to a Sales Executive at one of our developments.

Help to buy FAQs

Help to Buy – Buyers Guide


Help to Buy (Scotland) Affordable New Build Scheme

The Help to Buy (Scotland) Affordable New Build Scheme is a Scottish Government scheme which aims to help first time buyers and existing homeowners to buy an affordable new build home. Story Homes is delighted to be one of the participating housebuilders able to offer this popular scheme to housebuyers. The three year scheme will operate until March 2019 and housebuyers will be able to submit applications from March 1 2018.

The scheme is open to first time buyers as well as existing homeowners and provides help for up to 15% of the purchase price of an affordable new build home. If your application to the scheme is eligible, the Scottish Government will help you to buy a new build home so you don’t have to fund all of it.

Your mortgage lender is likely to require you to contribute a deposit of around 5% with your mortgage and deposit covering a combined minimum of 85% of the total purchase price. Your mortgage must be from a qualifying lender and must be a repayment mortgage.

There are maximum ceiling figures which will apply to the price of a home that you are able to buy with assistance from the scheme. You cannot buy a home under the scheme if it is more than the applicable ceiling figure. The maximum threshold figures are:

  • For financial year 2018/19 which is for purchases which complete on or before 31st March 2019, the threshold price is £200,000

For further information and a full list of terms and conditions see our Help To Buy (Scotland) leaflet or speak to one of our Sales Executives at Summerpark, Dumfries or Pentland Reach, Biggar where they will be happy to assist.


To visit our Incentives page click here