help to buy

Equity Loan

How does it work?

With Help To Buy Equity Loan the Government lends you up to 20% of your new-build home, so you'll only need a 5% deposit and a 75% mortgage to make up the rest. You won'tbe charged loan fees for the first five years of owning your home.
If the home in the example above sold for £210,000, you'd get £168,000 (80%, from your mortgage and the cash deposit) and you'd pay back £42,000 on the loan (£20%). You'd need to pay off your mortgage with your share of the money.
Help To Buy is open to ALL home buyers, not just first time buyers. For more information please contact the north east agent for Help To Buy via the details below or view the example video.
North East Yorkshire Housing
Call - 0113 825 6888
Email -

Mortgage Guarantee

How does it work?

A mortgage supported by the Help To Buymortgage guarantee scheme works in exactly the same way as any other morgage except that under the scheme the Government offers lenders the option to purchase a guarantee on mortgage loans.

Because of this support, lenders taking part are able to offer home buyers more high-loan-to-value mortgages (80 - 95%).
You will still be fully responsible for your mortgage repayments, so if you have a 5% deposit, you will need to take out and pay back a 95% motgage.