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Help to Buy

Whether you are a First Time Buyer or existing homeowner, Help-to-Buy could get you moving with only a 5% deposit.

What's Available?

Take a look at some of the New Build properties available to you under the Government-backed scheme.

Explore Morris Dibben properties

What is Help to Buy?

We have some great news for anyone looking to move – Help to Buy could make purchasing your dream home easier.

It is designed to help First Time Buyers and existing homeowners purchase a newly-built home. Under this scheme, all you need is a 5% deposit and you can borrow 20% of the purchase price interest-free for the first five years*. If you live in London, you can borrow up to 40% of the purchase price, which goes a long way towards the final cost.

Help-to-Buy offers a number of options to get you moving:

Equity Loan: First Time Buyers

The Help-to-Buy Equity Loan gives First Time Buyers a lift on to the property ladder by making the purchase more affordable. Under this scheme the Government will lend you 20% of the purchase price interest-free for the first five years. You then only need a 5% cash deposit and a 75% loan-to-value mortgage to make up the rest. With a larger deposit, you then have access to more attractive mortgage rates than on a higher loan-to-value mortgage of 80-90%.

Equity Loan: Existing Homeowners

The Help-to-Buy Equity Loan can benefit existing homeowners too. With only a 5% deposit you could get a boost up the property ladder, moving to a bigger home once believed to be beyond your budget. The Equity Loan scheme works for homeowners exactly the same as it does for First Time Buyers, with a Government-backed 20% equity loan to top up your 5% deposit and a 75% mortgage loan from a lender. The example for a typical 3 bedroom highlights how the Government's loan can take nearly £100,000 off your initial mortgage to help you secure your family home sooner than you think.

Equity Loan: London

If you're looking to move to London, the London Help-to-Buy Equity Loan scheme helps First Time Buyers and existing homeowners with a 40% Government loan due to higher house prices. Under this scheme, the Government will lend you 40% of the purchase price interest-free for the first five years. You still only need a 5% cash deposit and then a 55% loan-to-value mortgage to make up the rest.

Shared Ownership

If you can't afford a 100% mortgage on your own then shared ownership allows you to buy a share of your home (between 25-75% of the property value) and then pay rent on the remaining share. You can then choose to buy more shares later on to increase your ownership when you can afford to.

Stamp Duty Update 2020

Fantastic news for property buyers! The recent stamp duty changes may mean your deposit is even more affordable!

Everything you need to know