Help to Buy is the Government Scheme, which was launched in the 2013 budget, designed to help people purchase a new property with just 5% deposit by way of an equity loan from the Government of up to 20%.

The aim of this scheme is to increase the supply of new homes in addition to the number of lower deposit mortgages with more favourable borrowing rates to the market.

• Help to Buy is available to all new homebuyers, not just first time buyers.
• You may only need a minimum of 5% deposit to qualify.
• The Government will lend you up to 20% of the value of your property through an equity loan, which can be repaid at any time or on the sale of your new home.
• You will only need to secure up to a 75% mortgage from a bank or building society.
• This scheme is only available on new build homes, with a maximum purchase price of £600,000.

(The graphic supplied is based on an example house price of £200,000 and only for illustrative purposes)

* Lender covered by Government Guarantee