Low cost home ownership

Help to Buy

What is Help to Buy?

The government created the Help to Buy scheme to help working people take steps to buy your own home.

Whether you are looking to get onto the housing ladder or move up it, there are a number of Help to Buy products designed to make buying a home more affordable, including:

Shared ownership - New build and Re-sales

Depending on how much you can afford, shared ownership allows you to buy a percentage share of a property while a local housing association retains the other share.

It is sometimes known as “part-buy part-rent” because you will then be charged a rental payment on the remaining share owned by the housing association. In most cases shared owners can choose to buy additional shares later on to increase their equity.

Equity loans

The Help to Buy equity loan is designed to help you purchase specific new-build properties priced up to £600,000 from participating registered developers with as little as a 5% deposit.

The Government lends you up to 20% of the cost of your new-build home, so you’ll only need to provide a 5% cash deposit and a 75% mortgage to make up the rest. You also won’t be charged loan fees on the 20% loan for the first five years of owning your home

Want to find out more?

bpha are delivering this service on behalf of the Homes and Communities Agency in the East and South East of England. For more information please visit the local Help to Buy website or call 03333 214044

Visit the national Help to Buy web pages to find details of the local agents for other areas.