How does it work?
Help to Buy allows you to own 100% of your home and only pay 80% up front. You will need to provide a 5% deposit and the government will then lend you up to 20% as an equity loan. You would then need to apply for a mortgage based upon the remaining 75%
The table below gives an example of using Help to Buy to buy a £190,000 home.
Our Help to Buy affordability calculator can give you an example of the type of home you may be able to afford. Find out more here