The Help to Buy Scheme has been created by the Government to help people with low deposits buy their own home. With as little as a 5%
deposit, The Help to Buy Scheme makes it possible to buy a new-build or existing home priced up to £600,000.
New Build Equity Scheme. How does it work?
The Government lends you up to 20% of the cost of your new-build home, and so you will only need to find a deposit of 5%. The mortgage lender will lend you up 75% of the rest.
For the first 5 years of owning your home you won’t be charged loan fees on the 20% Government loan