Help to Buy

With Help to Buy, you can buy a new home with just 5% deposit – whether you are a first time buyer or are moving on from your existing home.

The Help to Buy INTEREST FREE EQUITY LOAN is exclusively available on new build properties.  The equity loan could reduce your mortgage repayments, making this an affordable option.  Help to Buy is available on ALL Bussey & Armstrong properties

With the Help to Buy equity loan scheme, you will need as little as 5% deposit and 75% mortgage to buy your new home.  The Government will lend you up to 20% of the value of your new home via an equity loan.  This loan can be repaid at any time or on the sale of your home.

*Help to Buy can be used in conjunction with Express Mover and House of the Month.


Help to Buy: How does it work?

Help To Buy Terms And Conditions

Help to Buy is subject to the Homes and Communities Agency’s (HCA) terms and conditions and is available on new build homes up to £600,000 to customers where the property represents their only residence.

Not available on second, additional homes, buy-to-let or let-to-buy properties.

The equity loan is interest free for the first five years and needs to be a minimum of 10% of the purchase price up to a maximum of 20%.

After five years, an annual fee of 1.75% of the outstanding equity loan is charged. This is increased annually by RPI plus 1%. The equity loan must be repaid after 25 years, or earlier if you sell your home.

A monthly management fee of £1 is payable by the equity loan borrower by direct debit, from the start of the loan until it is repaid. The management fee and interest fees are not capital repayments to the equity loan and do not reduce the amount owing.

Help to Buy operates under terms and conditions imposed by the HCA and may be subject to change. Please visit for more information.