Help to Buy

The government has put in place several schemes to support house purchasers, such as Help to Buy. The Help to Buy mortgage guarantee scheme helps you buy a home with a deposit of 5% of the purchase price. It’s open to both first-time buyers and home movers for new-build and older homes in the UK, with a purchase price of up to £600,000. The guarantee is provided to your mortgage lender by the government - not to you.


To qualify for a mortgage guarantee, the home you want to buy must:

  • Have a purchase price of £600,000 or less.
  • Not be a shared ownership or shared equity purchase.
  • Not be a second home.
  • Not be rented out after you buy it.

The property doesn’t have to be newly built, and you don’t have to be a first-time buyer. There’s also no limit on your level of income. However, you can’t use Help to Buy with any other publicly funded mortgage scheme, or an interest-only mortgage.

For details of other government home ownership schemes, please visit this link.

PLEASE NOTE: This contains public sector information licensed under the Open Government Licence v2.0.

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