3 saving schemes to help you buy a new build in 2021


From size to location to budget, there are many factors to consider when looking at new builds for 2021. Fortunately, if your heart is set on a new-build home, you may be able to take advantage of Government saving schemes designed to make your budget go further – and help you get moving sooner.

1. Help to Buy Equity Loan

The Help to Buy scheme is available to first-time buyers only. There are also regional price caps to bear in mind.

If you qualify the scheme still works in the same way, with the Government lending up to 20% of the total cost of a home (or 40% in London). This means you could get on the ladder with just a 5% deposit and a 75% mortgage.

Explore Help to Buy 2021

2. Lifetime ISA

The Lifetime ISA works in a similar way. It offers a tax-free boost of up to £1,000 a year towards either buying your first home or saving towards retirement.

If you’re aged under 40 you can open a Lifetime ISA account and save up to £4,000 each year. The Government will then boost returns by 25p for every £1 saved and pay the bonus directly into the account. 

You can opt to use your Lifetime ISA as a deposit on a property worth up to £450,000 anywhere in the UK, so long as you are a first-time buyer.

3. Make use of our Barratt schemes

From deposit boost to special schemes for NHS workers and people serving in the Armed Forces, we offer a number of ways to help people move into their very own Barratt home. Click here to see what’s currently available.

This scheme is available for those with a household income of less than £80,000 a year, and is mainly for new builds, or re-sold housing association properties.

Ready to make your move? Take a look at some of our new-build homes that could be yours in 2021.