Help to buy

Help to Buy is a government scheme to assist people to own their own home. There are several options available including buying a new build home with an equity loan, buying a home with mortgage guarantee and assistance with saving for a deposit.

Equity Loan

With the Help to Buy Equity Loan scheme the government lends you up to 20% of the cost of a new-build home, so you’ll only need a minimum 5% cash deposit and a 75% mortgage to make up the rest.

Help to Buy North West (external link) is the agent for our region and they can help you:

Mortgage Guarantee Scheme

The Help to Buy Mortgage Guarantee Scheme works in the same way as any other mortgage, except that the government offers the lender an option to purchase a guarantee on mortgage loans. 

ISA

The Help to Buy ISA is for people saving to buy their first home, where the government will boost your savings by 25%.   

A-Z

Rate the information on this page

green smiley (good) orange smiley (average) red smiley (poor)

© Wigan Council