Help To Buy
Help to Buy – A Step Towards Your First Home
*Initial consultation is free of charge and with no-obligation. There may be a fee for mortgage advice. The precise amount of the fee will depend upon your circumstances but will range from £195 to £495 and this will be discussed and agreed with you at the earliest opportunity.
Your home/property may be repossessed if you do not keep up repayments on a mortgage or other debt secured on it.
The Help to Buy scheme is designed to make homeownership more accessible, especially for first-time buyers. At Oadby Mortgages, we’re here to guide you through the process and help you make the most of the government support available. Whether you're struggling with a deposit or unsure about your options, we’ll be with you every step of the way.
What is Help to Buy?
The Help to Buy scheme is a government initiative aimed at making it easier for people to buy their first home. With the right help and advice, you could own your home with a smaller deposit and enjoy the support of the government.
Help to Buy Equity Loan
What it is: The government can lend you up to 20% (or 40% in London) of the price of a newly built home.
How it works: You’ll need just a 5% deposit, and a mortgage to cover the rest. The government’s loan is interest-free for the first five years.
Eligibility:
Available to first-time buyers purchasing a new-build home within the property price limits for your area.
Help to Buy ISA
What it is: A savings account where the government will top up your savings by 25%.
How it works: For every £200 you save, the government adds £50, up to a maximum of £3,000.
Eligibility: If you’re a first-time buyer saving for your first home, this scheme could give you the boost you need.
First Home Schemes
What it is: A scheme offering discounted new homes to first-time buyers, with discounts of at least 30% off the market price.
How it works: Homes are available at a reduced price, making it more affordable for you to take that next step.
Eligibility: You must meet specific income criteria, but the scheme could make buying your first home more achievable.
Why Choose Help to Buy
Lower Deposit – You could buy your home with just a 5% deposit.
Government Support – The government’s equity loan helps reduce your initial mortgage amount.
More Choice – Available across the UK, helping you secure a new-build home that meets your needs.
How We Can Help You
At Oadby Mortgages, we specialise in helping first-time buyers understand and make the most of the Help to Buy scheme. Our team is here to provide clear, expert advice and walk you through each step of the process.
Expert Guidance – We’ll explain the different Help to Buy options and how they can work for you.
Mortgage Comparison – We’ll help you find the right mortgage deal, tailored to your needs.
Quick and Easy Application – We’ll support you throughout the application process to make your home buying experience smooth and stress-free as possible.
Getting Started
Speak to Us – Get in touch for a free, no-obligation chat with one of our experts.
Get a Mortgage in Principle – We’ll help you understand what you can afford and which mortgages suit you best.
Find Your New Home – Choose a new-build home that qualifies for Help to Buy.
Apply for Your Mortgage – We’ll guide you through the application process from start to finish.