For many first time buyers, owning a property seems like a distant dream and the prospect of saving for a large deposit is a daunting one. However, there is some good news with the arrival of Help to Buy, the Government – backed scheme which is proving to help many buyers across the country to secure their first or next home.

This is how Help to Buy works. You put down a minimum of a 5% deposit and the Government lends you an equity loan of 20%, leaving to you arrange a mortgage for the rest (75%). It's available on all new build homes in England up to a value of £600,000 and the property itself will be all yours as this isn't a shared equity scheme.

One of the great advantages of Help to Buy is that you may not need to save for many years for a deposit and you could leave renting behind much sooner that you had thought possible. In fact, with Help to Buy many lenders are offering really competitive mortgage rates, so you could even end up paying less per month on your mortgage than your rent!

Here's how the scheme would work on a property worth £130,000:

Deposit (5%)

£6,500

Government equity loan (20%)

£32,500

Mortgage (75%)

£91,000

Purchase price 

£130,000

With Ward homes, not only will you find impeccable quality and finish, but for extra peace of mind our homes are covered by the 10 year structural warranty, plus a 2 year fixtures and fittings warranty on virtually all our homes.

Why not visit one of stunning developments in Kent today or call 0844 55 66 14.

Alternatively, you can register on the website for updates or to book an appointment now.

†First 2 years covered by Builder Warranty & NHBC Guarantee or similar. Years 3-10 covered by NHBC insurance or similar.  Full exclusions and limitations can be found on the NHBC website.  Available on virtually all of our developments.

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