Help to Buy

Help to Buy

First Time Buyer? Help to Buy could get you moving with just a 5% deposit.

What is Help to Buy?

If you’re a first-time buyer, we have some great news. Help to Buy means your dream home is closer than you think. But what is it?

It is designed to help first-time buyers purchase a newly-built home. Under this scheme, all you need is a 5% deposit and you can borrow 20% of the purchase price interest-free for the first five years*. If you live in London, you can borrow up to 40% of the purchase price, which goes a long way towards the final cost. Visit our Help to Buy blog to learn more about the scheme. 

Help-to-Buy offers a number of options to get you moving:

Help to Buy Equity Loan (Scotland)

The Government can lend you up to 15% of the cost of your new home and you will only need 5% deposit to buy, giving you a 85% mortgage.

Equity Loan: London

If you're looking to move to London, the London Help-to-Buy Equity Loan scheme helps First Time Buyers with a 40% Government loan due to higher house prices. Under this scheme, the Government will lend you 40% of the purchase price interest-free for the first five years. You still only need a 5% cash deposit and then a 55% loan-to-value mortgage to make up the rest.

Shared Ownership

If you can't afford a 100% mortgage on your own then shared ownership allows you to buy a share of your home (between 25-75% of the property value) and then pay rent on the remaining share. You can then choose to buy more shares later on to increase your ownership when you can afford to.

Countrywide Mortgage Services.

Countrywide Mortgage Services.

We're here to help you with all your mortgage and protection needs, and can do everything safely and conveniently by phone if you can’t get into our branch. We have access to 1000s of mortgages covering all the high street and specialist lenders.