Help To Buy Mortgages
What is help to buy mortgage?
The ‘Help to Buy’ is a government-backed equity loan assistance scheme to help first-time buyers and those looking to move up the property ladder. First time buyers and home movers are both eligible for an equity loan. This scheme is applicable for new build homes only.
The scheme only applies to new-build properties worth up to £600,000. The property you are buying must be your only home, you cannot use the Help to Buy scheme to purchase a buy-to-let property.