Whether you are a first-time buyer or looking to move up the property ladder, the 'Help To Buy' scheme can help to get you moving.

There are two options to choose from under the scheme:


Help To Buy Equity Loan

With a Help to Buy: Equity Loan the Government lends you up to 20% of the cost of your newly built home, so you’ll only need a 5% cash deposit and a 75% mortgage to make up the rest.

You won’t be charged loan fees on the 20% loan for the first five years of owning your home.

Who is eligible?

Equity loans are available to first time buyers as well as homeowners looking to move. The home you want to buy must be newly built with a price tag of up to £600,000. You won’t be able to sublet this home or enter a part exchange deal on your old home. You must not own any other property at the time you buy your new home with a Help to Buy: Equity Loan.

Example of a new home costing £200,000 using Equity Loan


Help To Buy ISA

Open: the Help to Buy: ISA is available from a range of banks, building societies and credit unions.

The accounts are available to each first time buyer, not each household. This means that if you are planning to buy with your partner, for example, you could receive a government bonus of up to £6,000 towards your first home.

Save: save up to £200 a month into your Help to Buy: ISA. To kickstart your account, in your first month, you can deposit a lump sum of up to £1,200.

The minimum government bonus is £400, meaning that you need to have saved at least £1,600 into your Help to Buy: ISA before you can claim your bonus. The maximum government bonus you can receive is £3,000 – to receive that, you need to have saved £12,000.

Receive bonus: when you are close to buying your first home, you will need to instruct your solicitor or conveyancer to apply for your government bonus. Once they receive the government bonus, it will be added to the money you are putting towards your first home. The bonus must be included with the funds consolidated at the completion of the property transaction. The bonus cannot be used for the deposit due at the exchange of contracts, to pay for solicitor’s, estate agent’s fees or any other indirect costs associated with buying a home.

This scheme will provide a bonus from the Government provided you have savings of at least £1,600. The bonus will be 25% of your savings up to a maximum bonus of £3,000.

Savings below £1,600. You do not have sufficient savings for a bonus.

Savings between £1,600 and £12,000. The Government will top up your savings by 25%.

Savings over £12,000. The Government will top up your savings by £3,000


There are a few requirements to be eligible for Help to Buy

  • It is available to UK citizens and those with a right to remain indefinitely in the country

  • It covers full ownership only and is therefore not available on shared equity or shared ownership

  • It is available for the purchase of a person's primary home only, so not for second homes or buy to let properties

  • It applies to capital repayment mortgages rather than interest only mortgages

  • Buyers must be able to provide their own deposit and not from a local authority or other body

  • A home buy agent check will be required

  • For further information contact your Ascent sales executive on site or refer to www.helptobuy.org.uk

*20% loan is interest free for the first 5 years. 5% deposit is applicable with the Government’s Help to Buy scheme. Available on selected plots only. Buyers will need to have sufficient funds to pay legal and sundry costs. Equity deposit percentage may be subject to lender’s and Government criteria. Prospective buyers should always seek independent financial advice before proceeding. Ascent Homes works with independent financial advisers who are able to provide appropriate advice. Ascent Homes terms and conditions apply. Subject to status.