HELP to Buy, a scheme that’s helped thousands of people buy a brand new home, is changing.


Exclusive to new build homes in England priced up to £600,000, the scheme has been popular with those who’ve purchased Elan Homes, including first time buyers and existing homeowners.


Many of our homeowners say they’ve been able to buy sooner than if they’d bought without the scheme, while others tell us it’s enabled them to purchase a forever home, somewhere they can grow into.


Under the latest regulations, to be eligible for Help to Buy homes must be built by the end of February 2021 and the purchase legally complete by March 31, 2021.


After that the scheme is changing. From April 2021 a new Help to Buy scheme will only be available for first time buyers and regional price caps will be introduced.


How it works

  • 5% customer deposit
  • 75% mortgage
  • 20% equity loan from the Government
  • The equity loan can be repaid at any time within 25 years, when you have more funds available or when you sell the property, whichever is sooner


Reasons to buy with Help to Buy

  • Typically with Help to Buy you only need a 5% deposit so may be able to buy sooner than anticipated
  • The equity loan means you may be able to get a mortgage easier than if you were taking out a 95% mortgage
  • Taking out a 75% mortgage could mean you’re able to access a better interest rate
  • The equity loan is interest-free for five years
  • Using the scheme could enable you to buy a bigger property than if you bought on the second hand market or in a more desirable area



Find out more about Help to Buy via or speak to the sales executive on your preferred development to discover more.

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