Take advantage of government-backed loansHelp to Buy

Learn more about this popular government-backed scheme and take your first step onto the property ladder, it’s easier than you think.

Help To Buy intro image

What is Help to Buy?

Help to Buy is for first time buyers who have found their dream home but can’t afford the full deposit.

This government-backed scheme helps first time buyers purchase their new home with just a 5% deposit. 

You will need to take out a mortgage for 75% of the value of the house and the remaining 20% will be funded by the government.

What is Help to Buy?

Help to Buy is for first time buyers who have found their dream home but can’t afford the full deposit.

This government-backed scheme helps first time buyers purchase their new home with just a 5% deposit. 

You will need to take out a mortgage for 75% of the value of the house and the remaining 20% will be funded by the government.

Is it right for you?

Help to Buy has changed recently, here's what you need to know:

  • You must be a first-time buyer

  • The new build home you buy must be within the relevant regional price cap (see below)

  • You have a 5% deposit

  • You are able to take out a mortgage for 75% of the value of the home

  • You can afford the monthly mortgage payments

  • The home you buy under the scheme is your only residence

  • You are not a buy-to-let investor and will not own an other property after completion

Regional price caps

Previously, Help to Buy was available on homes valued up to £600,000 , however under new rules, the following regional price caps apply.

  • North East - £186,100

  • North West - £224,400

  • Yorkshire and the Humber - £228,100

  • East Midlands - £261,900

  • West Midlands - £255,600

  • East of England - £407,400

  • London - £600,000

  • South East - £437,600

  • South West - £349,000

How does it work?

For the first five years of owning your new home the government loan is interest free. After this time you will be charged an annual fee.

Your loan must be repaid after 25 years, or earlier if you sell your home. For full details on how Help to Buy works - visit the government website or call us on 0800 030 888.


Tell me more

Help to Buy is available on selected developments and properties.

Call us on 0800 030 8888 and we can let you know whether you qualify for the scheme and start you on your Persona Homes journey to getting the house you have always wanted.

Keen to find out more?

Whether you’d like to book a viewing or simply have a quick introductory chat, our helpful advisory team would love to hear from you.