Examples are based on Help to Buy in England (outside of London) & Wales
The government is continuing to provide assistance to both first-time buyers and existing homeowners through the Help to Buy scheme. With Help To Buy, the government lends you up to 20% of the cost of a newly built home (15% in Scotland, 40% in London), which is interest free for the first five years. That means you may only need to raise a 5% cash deposit and a mortgage for the 75% difference (80% in Scotland, 55% in London).
There’s an official guide here or you can find out more by talking to our experienced showroom staff who can help explain the scheme to you.When purchasing a new build property with Barratt Homes, you will also have excess to our panel of expert mortgage advisers.