Help To Buy
Help To Buy
At Mortgage Select, we have a team of specialist new build advisors with extensive knowledge of the Help to Buy equity loan scheme. We deal with some of the largest developers in the South West and we are very experienced in the Help to Buy mortgage process.
If you are a first time buyer looking to use the Help to Buy scheme, you may need help with sourcing the best mortgage for you. The process is more complex than a standard residential mortgage but our new build specialists are fully qualified and they will guide you through the process from start to finish.
We will complete the Help to Buy equity loan application forms for you and compare many Help to Buy mortgage products to find you the best option.
What is Help to Buy?
The Help to Buy Equity Loan is a Government scheme for first time buyers on new build properties only. It provides an equity loan of up to 20% of the purchase price, which you can put towards the cost of buying a new build. This means that you could own your first home with just a 5% deposit.
Am I eligible for Help to Buy?
To be eligible for the Help to Buy equity loan, you must be a first time buyer and buying a new build property from a registered house builder.
You cannot own, or have ever owned, a home or residential land now or in the past in the UK or abroad.
There is also additional criteria that you have to meet with both Help to Buy and mortgage lenders. Our new build mortgage advisors are very experienced with the differing criteria and they will be able to guide you through this process.
You can find more information on how the Help to Buy equity loan scheme works by reading the