Help to Buy for First Time Buyers

Here’s how the Government’s Help to Buy scheme can help get you moving home


With Help to Buy, you can buy your own home with just a 5% deposit and a 75% mortgage. The Government lends you up to 20% of the cost of your newly built home, so you’ll need a 75% mortgage to make up the remainder of the purchase price. The Help to Buy Equity Loan is interest-free for 5 years and can be repaid at any time or on the sale of the home.



The Government has announced a new Help to Buy scheme to run 1 April 2021 until 31 March 2023.  It is restricted to first-time buyers and includes regional property price caps to ensure the scheme reaches people who need it most. As with the current scheme, under the new scheme, the government will lend buyers up to 20% of the cost of a newly built home.

Herts House HTB graphic breakdown (329,9

DISCLAIMER: *Eligible applicants will be offered an equity loan up to a maximum of 20% of the purchase price (based on the open market value). Applicants are required to fund at least 80% of the purchase price by means of a conventional mortgage, savings and any deposit where required. For the first five years there is no fee charged on the equity loan component. At the start of year six a fee of 1.75% is payable on the equity loan, which rises annually by RPI inflation plus 1%. The equity loan is provided by the HCA and held as a second charge. Terms and conditions apply, and full details will be provided on request. This offer is subject to status and only available on selected properties in England only. It is not offered with any other promotion. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.