What is Help to Buy?
Help to Buy is a scheme available to first time buyers in England
that enables you to buy a new build home with just 5% deposit.
With Help to Buy, you can apply for a Government equity loan of up to 20%* of the cost of a new build home – this loan is interest free for 5 years before interest fees start to be charged in year 6*. The terms and conditions of the Help to Buy scheme do vary slightly across the different regions of England – speak to your sales advisor or local Help to Buy agent to find out more.

How does the scheme work?
If you are a first time buyer and Help to Buy is available on the new Mandale home you want to purchase your sales advisor will be on hand to guide you through the process and your appointed financial advisor will start your Help to Buy and Mortgage applications with you.

  • 5% Deposit – If you are a first-time buyer Help to Buy
    makes your first step on to the property ladder easier with only
    5% deposit required to buy your new home.
  • 20% Government Loan – The Government can offer an equity loan
    of up to 20% of the value of your new property, interest free for the first 5 years*
  • 75% Mortgage – You will need to arrange a mortgage to
    cover the remaining portion of the purchase price of your new home*

*Terms and Conditions Apply:
Help to Buy is available on eligible plots only and is subject to regional price caps and first time buyer criteria being confirmed. Help to Buy is not available in conjunction with any other scheme, offer or discount unless specifically stated. The Government will lend qualifying purchasers up to 20% of the price of their selected new home. This is extended up to 40% in London. The equity loan is secured against your property in the same way as a mortgage and will become repayable either when you sell your home, pay off your mortgage or reach the end of the equity loan term. For the first 5 years of ownership your government equity loan is interest free. In year 6 Interest fees start to be paid at 1.75% and rise each financial year by the Consumer Prices Index + 2%. A monthly management fee of £1 is also payable for the duration of the equity loan. Individual loan term will be confirmed by Homes England upon application. For full Help to Buy terms and conditions visit: https://www.helptobuy.gov.uk/equity-loan