«
  Back to Development

Help To Buy

Read more about Help to Buy below

See your dream home and be confident you can afford it.
Help to Buy  from Wyatt Homes
What is Help to Buy?

Help to Buy is a government scheme that means you could move home with a deposit as low as 5%. Whether you're taking your first step onto the property ladder or searching for something bigger to accommodate your growing family, we've put together everything you need to know about the options available.

Now is a great time to buy your new home – and with Help to Buy you could find the home that’s right for you. Help to Buy, mean it’s easier to get the home you want for less.”

Help to Buy? video explanation
Who can benefit from Help to Buy?

First time buyers – we know how difficult it can be to raise a large deposit to buy your first home. With Help to Buy you only need to save 5% of the asking price to get a mortgage. So you could be buying your first home a lot sooner than you thought.

Existing home owner – you can also use Help to Buy, if you are an existing home owner, to trade up to a larger home, even if you have limited equity in your current property, because you only need a 5% deposit to move.

Help to Buy?, how it works
Example calculations
List Price £150,000 Government Equity Loan £30,000**
Help To Buy Price £120,000 Mortgage Amount £112,500
5% deposit Required £7,500 Monthly mortgage payment £393.68
List Price £450,000 Government Equity Loan £90,000**
Help To Buy Price £360,000 Mortgage Amount £337,500
5% deposit Required £22,500 Monthly mortgage payment £1,181.04

*This page is provided on the basis of capital interest mortgage over a 30 year term at 1.89% two year fixed rate, £999 Arrangement Fee, £65 Redemption Fee and Free Basic Mortgage Valuation. This is an example rate, these vary daily so this illustration does not constitute an offer. Mortgage is subject to full underwriting, affordability and credit scoring via the lender, this rate and product was valid at the point of printing. **The government will provide an Equity Loan of up to 20% of the value of your property or with the Help to Buy mortgage guarantee scheme, you could get a 95% mortgage, with a 5% deposit. A MORTGAGE IS A LOAN SECURED AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT.