Did you know that Help to Buy isn't just available for first time buyers and that there's more than one scheme available? Many people don't and a recent survey of our first time buyers showed that 30% had never even heard of the Help to Buy Mortgage Guarantee scheme1.\n\nFind out more about the help available below and don't forget you can also book a free initial appointment with one of our friendly financial advisors to find out how much you could potentially borrow and if you could benefit from Help to Buy.\n\nHelp to Buy Equity Loan*\n\nThe Help to Buy Equity Loan means that the government lends you up to 20% of the cost of your newly built home so you only need a 5% deposit and to secure a 75% mortgage. There's no cost for the first five years but after this you will need to pay interest on the loan.\n\nCould you benefit?\n\n\n\tAvailable for first time buyers and home movers on new build homes\n\tAvailable on properties with a purchase price of up to £600,000 in England, £300,000 in Wales and £230,000 in Scotland.\n\n\nHelp to Buy Mortgage Guarantee\n\nThe Help to Buy Mortgage Guarantee scheme allows some home buyers more high-loan-to-value mortgages of betweeb 80% and 95% of the property value.\n\nCould you benefit?\n\nMortgage guarantees are open to both first time buyers and home movers for new build and older homes in the UK with a purchase price of up to £600,000.\n\nHelp to Buy - London\n\nEarlier this year the government increased the Help to Buy upper loan limit from 20% to 40% for those buying in all London boroughs to reflect the higher property prices.\n\nCould you benefit?\n\nAvailable for first time buyers and home movers on new build homes in London with a maximum price of £600,000.\n\nHelp to Buy ISA\n\nSaving for your first home? The new Help to Buy ISA means that you could receive a bonus of up to £3,000 from to government when you buy your first home. For every £200 you save, the government will add £50. Then, when you buy your fiest home, your solicitor or conveyancer will apply for your government bonus.\n\nTo find out more about Help to Buy or how much you could borrow, book an appointment today.\n\n* After the sixth year, you will be charged a fee of 1.75% of the equity loan value. The fee will then increase each year. You must repay the equity loan after 25 years or when you sell the property. How much you repay will depend of the property market value at the time. Not available from Buy to Let or second homes. Terms and conditions apply.\n\n1 https:\/\/www.reedsrains.co.uk\/blog\/february-2016-first-time-buyer-opinion-barometer\n\n\n\nYOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.\n\nOur initial mortgage consultation is free. We will charge a fee between £349 and £699 on application. The amount we will charge is dependent on the amount of research and administration required.