Posted in: We can help, 19th November, 2015

Buy your home with just 5% deposit

Help to Buy is the government-backed scheme which helps homebuyers who want to purchase a property, but don’t have a large deposit.

Help to buy
Help to Buy is a government-backed scheme

All purchasers eligible

Help to Buy provides assistance to buyers who can raise at least a 5% deposit, with the government then providing a loan up to 20% of the value of the property.

The purchaser can then get a mortgage on the remaining 75% of the cost of their new home, giving access to better interest rates and more affordable repayments.

Help to Buy is available for anyone, not just first time buyers. So anyone looking to move home could be eligible.

Help to Buy Calculator

  • To purchase a home worth £120,000
  • Your 5% deposit is £6,000
  • The government loan is £24,000
  • You to get a 75% mortgage of £90,000.

Recommended mortgage specialists

An independent financial advisor will be able to advise on the different options and provide guidance on which mortgage might be best for you.

For whole-of-market mortgage advice, contact Russell Homes’ recommended new build mortgage specialists, RSC New Homes.

Open seven days a week, 10.30am-6pm, the RSC team is available on 0161 486 6278, or email enquiries@rscnewhomes.com to arrange a consultation.

To find out more visit the government’s Help to Buy advice page.