Buying Guides

Help to Buy

If you’re a first-time buyer in England, you can apply for a Help to Buy Equity Loan which is a loan from the government that you put towards the cost of buying a newly built home.

You can borrow a minimum of 5% and up to a maximum of 20% (this is 40% in London) of the full purchase price of a new home.

Martin Grant Homes are a registered housebuilder with Help to Buy and can offer the scheme on developments that fall into the criteria set out by the Government. Price caps are in place, with new caps set from April 2021 to Mach 2023, as follows;

Region Maximum property
North East £186,100
North West £224,400
Yorkshire and
the Humber
East Midlands £261,900
West Midlands £255,600
East of England £407,400
London £600,000
South East £437,600
South West £349,000

The equity loan, plus the deposit you have saved and your repayment mortgage combined, cover the total cost of buying your newly built home.

The percentage you borrow is based on the market value of your home when you buy it.

You do not pay interest on the equity loan for the first 5 years. You start to pay interest in year 6, on the equity loan amount you borrowed.

The equity loan payments are interest only, so you do not reduce the amount you owe.

For further information on the scheme, please visit the official Government website:

Help to Buy is available subject to eligibility, terms and conditions.

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