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Affordable homes and Help to buy

Information about the Help to Buy scheme

Help to buy a home

The Help to Buy scheme can help people buy new homes with as little as a 5% deposit. The Government will lend you up to 20% of the cost of a property. This means you may only need a 75% mortgage to make up the difference. There are no loan fees for the 20% loan for the first five years.

If outright purchase is not an option to you, shared ownership allows you to buy a share in a property, whilst renting the remaining share. In most cases, shared owners can buy more shares at a later date, and eventually own the property outright.

You can find out more about the Help to Buy scheme, and shared ownership on the Help to Buy website.