Help to Buy Update

2021 has seen significant changes to the way the Government backed ‘Help To Buy’ scheme has worked since 2013.

‘Help to Buy’ is a loan from the government that you put towards the cost of buying a newly built home. The new scheme, which is set to run until 2023 is restricted to first-time buyers only and includes regional property price caps to ensure the scheme reaches people who need it most.

If you’re a first-time buyer in England, you can apply for a Help to Buy: Equity Loan. You can borrow a minimum of 5% and up to a maximum of 20% (40% in London) of the full purchase price of a new-build home.

Many of our new homes are built in the East Midlands where the new regional price cap is £261,900. A number of our 2, 3 and 4 bedroom new build homes across Nottinghamshire and Derbyshire do come under this price cap, so buyers should be sure to enquire about the scheme when considering a new build home within this price bracket.

Help to Buy is available subject to eligibility, terms and conditions.