You can now buy your new home today with just 5% deposit using the 'Help To Buy' scheme. 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:


Option 1 - Equity Loan

  • You only need a 5% deposit
  • Available for new build homes
  • Available to first-time buyers and existing home owners
  • Government will lend you up to 20% of the value of your new property which can be repaid at any time during the loan term or on the sale of your home
  • You will only need a 75% mortgage from the bank or building society
  • You will own 100% of your new home
  • Equity loan is interest free for 5 years
  • In the sixth year you will be charged a fee of 1.75% of the loan's value
  • Maximum home purchase is £600,000
  • You must be purchasing the home to reside in
  • Only individuals can purchase using the scheme and not a company
  • Currently you are unable to part exchange your property and take advantage of the scheme

option 2 - Mortgage Guarantee

  • A mortgage supported by the mortgage guarantee scheme works in exactly the same way as any other mortgage 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 only need a 5% deposit
  • Available for new build and existing properties
  • Available to first time buyers and existing home owners
  • You will own 100% of your home
  • Equity interest loan is interest free for 5 years
  • Maximum home purchase of £600,000
  • You will need to secure a 95% mortgage
  • Lender can now offer this loan to value mortgage as the Government will provide them with a guarantee of up to 15% of the property value

Example of new home costing £200,000 using Mortgage Guarantee

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


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

*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.