Baker Estates
Help To Buy

Help To Buy

100% Your Home

A Typical Example Based on a £250,000 home

5% DEPOSIT

£12,000

20% LOAN

£50,000

75% MORTGAGE

£187,500

So How Does It Work?

  • 1

    You'll need a 5% deposit

  • 2

    The Government could lend you up to 20% interest free for 5 years,
    and repayable at any time, or when you sell.

  • 3

    So you can get a regular mortgage from a bank or building society for as little as 75% of the price!

  • 4

    You own 100% of your home!

Frequently Asked Questions

  • What is Help to Buy?

    The Government lends you up to a maximum of 20% of the value of your new-build home, so that you'll only need a 5% cash deposit and a 75% mortgage to make up the balance. You will not be charged interest on the 20% loan for the first five years of owning your home.

  • Is the scheme right for me?

    The Government's Help to Buy equity loan scheme is open to both first time buyers and existing home owners who want to move up the property ladder.

    There is no maximum household income. You can purchase a property up to a maximum value of £600,000.

    Your Help to Buy equity loan home must be your main residence.

    You cannot use the scheme for a buy-to-let investment.

    You will need a minimum 5% deposit to qualify.

  • What do I do next?

    Once you have decided to make the move onto the property ladder or up step on to the next rung, you can then choose your new home!

    We can put you in touch with our independent financial advisors who can help you every step of the way, with advice on affordability & eligibility and if you qualify, you can reserve your new home and also submit your Help to Buy application.

  • What are the terms and conditions of the Help to Buy Equity Loan scheme?

    YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR OTHER DEBT SECURED ON IT. Subject to status, 'Help to Buy' terms & conditions are available on selected properties in England only. Eligible applicants will be offered an equity loan up to a maximum of 20% of the purchase price (based on the open market value). Applicants are required to fund at least 80% of the purchase price by means of a conventional mortgage, savings/deposit where required. The equity loan is provided by the HCA and held as a second charge. This offer is not available in conjunction with any other promotion. Full details will be provided on request.

  • How much can I borrow? What about the mortgage?

    The Government will lend you up to 20% of the cost of your new home.

    You will need to provide a 5% deposit and then take out a mortgage for the remaining 75%. We can offer you friendly and independent financial advisors who can tell you how much you can afford to borrow.

*YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR OTHER DEBT SECURED ON IT. Subject to status, 'Help to Buy' terms & conditions are available on selected properties in England only. Eligible applicants will be offered an equity loan up to a maximum of 20% of the purchase price (based on the open market value). Applicants are required to fund at least 80% of the purchase price by means of a conventional mortgage, savings/deposit where required. The equity loan is provided by the HCA and held as a second charge. This offer is not available in conjunction with any other promotion. Full details will be provided on request.