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Help to BuyThe government scheme to get you on the ladder sooner.

Are you finding buying a new home unaffordable? Rising house prices and stricter mortgage requirements means you're not alone. But thanks to Enzo's Homes and Help to Buy, getting a mortgage for your dream home just got a whole lot easier...

To help hard-working people like you take steps to buy your own home, the government have released a scheme called the 'Help to buy' scheme, which is available in various forms throughout England, Wales and Scotland.

Equity Loan

The equity loan option is the most popular of the scheme, and requires you to contribute a deposit of only 5%. The government will contribute up to 20% of the value of your home in the form of an equity loan with the remaining 75% being paid through a standard mortgage as normal. The equity loan is available in all areas where the scheme is offered, however the values differ in the London area to reflect higher house prices. In Wales the scheme includes all houses at £300,000 and under, whereas in England it includes all houses £600,000 and under.

Shared Ownership

Available in England, the Shared Ownership option offers you the chance to buy a share of your home (between 25% and 75% of the home’s value) and pay rent on the remaining share. Later on, you could buy bigger shares when you can afford to. You’ll need to take out a mortgage to pay for your share of the home’s purchase price, or fund this through your savings.

You could buy a home through Help to Buy: Shared Ownership in England if:

  • your household earns £80,000 a year or less outside London, or your household earns £90,000 a year or less in London.
  • you are a first-time buyer, you used to own a home but can’t afford to buy one now or are an existing shared owner looking to move.

For more information, please visit Help to Buy Wales here, or here for the rest of the uk.

help to buy

Calculator

Value of house to be purchased:

£

Your deposit (5%) only needs to be:

And the government will contribute up to the following amount as an equity loan:

For purchases of houses situated in England, the Help to Buy Shared Ownership scheme is also available.

See the Help to Buy website for full terms and conditions.