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Help To Buy


A mortgage under the Help to Buy: mortgage guarantee scheme works like any other mortgage. Your lender will check that you can afford the mortgage and that you do not have a history of payment difficulties.


To qualify for a mortgage supported by Help to Buy: mortgage guarantee:


The property you are purchasing could be an existing or new-build home in the UK, priced up to £600,000

You mustn’t own any other property anywhere in the world at the time you buy your home supported by the Help to Buy: mortgage guarantee scheme

your mortgage must be a repayment one, not interest only. Offset and guarantor mortgages are also excluded from the scheme

You can’t let out the property to somebody else

Your mortgage can be taken out by an individual or individuals but not by a company

You cannot use the mortgage guarantee scheme with any other Government scheme such as Help to Buy: equity loan or shared ownership. Your deposit for the property can’t come from a government scheme either

You don’t have to pay any additional fee to Government to get a Help to Buy supported mortgage


The Help to Buy: mortgage guarantee scheme will run for three years until 31 December 2016.





Fosters Mortgage Services is a trading name of FOSTERS (UK) Limted, which is authorised and regulated by the Financial Conduct Authority under 628833.

The Financial Conduct Authority does not regulate Will writing, trusts and some forms of Buy To Let mortgages and tax planning.

The Information contained with this website is subject the UK regulatory regime and is therefore primarily targeted at consumers based in the UK.

FOSTERS (UK) Limited, 20 Fairleigh Road, Clevedon, North Somerset, BS21 7XA  



Home & evening visits available - 01275 541 548

Help To Buy - Equity Loan


With a Help to Buy: equity loan the Government lends you up to 20% of the cost of your new-build home, so you’ll only need a 5% cash deposit and a 75% mortgage to make up the rest.


You won’t be charged loan fees on the 20% loan for the first five years of owning your home.


Equity loans are available to first time buyers as well as homeowners looking to move. The home you want to buy must be newly built with a price tag of up to £600,000.


You won’t be able to sublet this home or enter a part exchange deal on your old home. You must not own any other property at the time you buy your new home with a Help to Buy equity loan.


This scheme is available in England only. The Scottish Government, Welsh Government and Northern Ireland Housing Executive run similar schemes -

Help To Buy - Mortgage Gaurentee


A mortgage supported by the Help to Buy: mortgage guarantee scheme works in exactly the same way as any other mortgage except that under the scheme the Government offers lenders the option to purchase a guarantee on mortgage loans.


Because of this support, lenders taking part are able to offer home buyers 90-95% mortgages.


You will still be fully responsible for your mortgage repayments. So if you have a 5% deposit, you will need to take out and pay back a 95% mortgage


Key Benefits



- 5% Deposit required


- Available to First Time Buyers & Home Movers


- No additional fees


- House prices up to £600,000 allowed


- Employed or Self employed



Help to buy government backed