Help to Buy

Own your dream home sooner with a smaller initial deposit


The government’s Help to Buy scheme can help you to own your dream home sooner with a smaller initial deposit of just 5% and a 20% equity loan from the government.

Help to buy

What is Help to Buy?

Help to Buy is a government-backed equity loan scheme designed to help first-time buyers get on the property ladder and existing homeowners to move into a new home in England by contributing to the sale price with a loan.

The Help to Buy equity loan scheme is only available on new-build homes up to the value of £600,000.

Help to buy

How does Help to Buy work?

When you take advantage of a Help to Buy equity loan, you contribute a minimum of 80% of the full purchase price of your new-build home. Your contribution includes a cash deposit of at least 5% of the full purchase price and a mortgage of up to 75%. The government will make up the full purchase price by lending you up to 20% in the form of a loan.

You will need to arrange your own mortgage and will be expected to repay your mortgage under the terms agreed with your mortgage provider.

Your Help to Buy government equity loan is interest free for the first five years of owning your new home and you will begin paying interest after this period.

Help to buy

Who is eligible for Help to Buy?

If you’re a first-time buyer or an existing homeowner looking to move into a new-build property priced at £600,000 or less, you’re not looking to sublet your new home or part-exchange your old home, and won’t own more than one property when you complete on your new home, then you meet the Help to Buy criteria.

However, if you can reasonably afford more than 90% of the full purchase price of your new home, you will not be eligible to receive Help to Buy assistance.

Find out how much your monthly repayments could be with our Help to Buy mortgage repayment calculator.

Help to Buy Example

Below is an example of how Help to Buy could contribute towards the purchase of a new home:

Help to Buy Breakdown £ %
New home purchase price £400,000 100%
Deposit (paid by homebuyer) £20,000 5%
Help to Buy equity loan £80,000 20%
Mortgage (arranged by homebuyer) £300,000 75%

How to apply for Help to Buy

You can apply for a Help to Buy equity loan with assistance from your Gr33n Homes sales executive. Please contact the sales team at the Gr33n Homes development of your choice.

Help to Buy process

  • 1. Choose your new-build home worth up to £600,000

  • 2. Arrange your Help to Buy equity loan (up to 20%)

  • 3. Reserve your home

  • 4. Arrange your mortgage (up to 75%)

  • 5. Pay your deposit of at least 5%

  • 6. Complete the purchase of your new home

  • 7. Move into your new home!

The Help to Buy equity scheme has specific terms and conditions and is subject to affordability criteria as prescribed by the Homes and Communities Agency. Help to Buy cannot be used in conjunction with part exchange. Availability of other incentives/offers subject to lender’s criteria and Gr33n Homes’ discretion. Your mortgage lender’s deposit requirements may vary. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. Please ask your Gr33n Homes Sales Advisor for further information