How do I qualify for the Help To Buy scheme

To qualify for the Government Help To Buy scheme you must meet the following criteria:

  • The purchase price must not exceed the maximum set for the area. These vary across the country, ranging from £186,100 to £600,000
  • You must be a first-time buyer
  • You must live in the property
  • The maximum you can borrow is 20% of the purchase price (or 40% in London)
  • You must be purchasing a new build property
  • You must pay a minimum deposit of 5% from your own money
  • You must take out a mortgage

Please note that all information provided in this FAQ is for general reference only. It should not be used as a sole or definitive source, nor is it intended to be used for decision making in place of appropriate advice from a qualified legal professional. As such the information is provided as-is and Brevis cannot accept any responsibility or liability for any loss or damage resulting from any errors or ommission in, or any reliance on, information contained in this guide.