Now is the ideal time to buy your new home. You only need a 5% deposit thanks to Help to Buy, and with the recent changes to stamp duty, it’s easier to get the home you want for less. So if you want to spend 2015 getting cosy in a great new home, start your search now.

Get your dream home now with Ward.

Buying a new home is one of the biggest decisions you’ll ever make, which is why we try to make life a little easier for our customers. Choose a beautiful new home from us and you could be eligible for Government-backed Help to Buy.

There are currently two Help to Buy schemes available – both require a 5% deposit and both are offered to first time buyers and existing homeowners. Apart from that, the schemes are very different:

1) Help to Buy Equity Loan

Help to Buy Equity Loan is available on new build homes up to £600,000 in England. You’ll only need to secure up to a 75% mortgage from a bank or building society. The Government will lend you an equity loan up to 20% of the property value which can be repaid at any time during the loan term or on the sale of your home. In England, you won’t be charged any loan fees for the first 5 years of owning your home.

Help to Buy Mortgage Guarantee is available on new build homes and older homes up to £600,000 in England. You’ll need to secure up to a 95% mortgage from a participating lender. The lender can now offer this higher loan to value mortgage as the Government will provide them with a guarantee of up to 15% of the property value.

The very best customer service

When you choose Ward Homes, you’re buying from a homebuilder who puts customers first. We take enormous pride in our customer service and we’re here to guide you through the whole moving process.

A new home comes with peace of mind

We pride ourselves on using high quality products with fantastic specifications and design layouts, resulting in free-flowing space and maximising the use of natural light. And don’t forget, at Ward we offer the 10 year structural warranty, plus a 2 year fixtures and fittings warranty on virtually all our homes.

Call us on 0844 55 66 144 to have a chat with our dedicated team of experts today.

Frequently Asked Questions

Q) Is Help to Buy just for first-time buyers?
A) Help to Buy is available for both first-time buyers and existing homeowners.

Q) What is Help to Buy?
A) Help to Buy is a Government-backed scheme which helps first time buyers and existing home owners purchase a home with as little as 5% deposit. There are two ways to purchase a property with Help to Buy – either with an Equity Loan or Mortgage Guarantee.

Q) What are the key differences between Equity Loan and Mortgage Guarantee? 

  Equity Loan Mortgage Guarantee
Type of home New-build homes only New and old homes
Mortgage required 75% 95%
Government Equity Loan Up to 20% -
Maximum purchase price in England £600,000 £600,000

Q) How does the Equity Loan work?

A) Help to Buy Equity Loan provides buyers with an equity loan of up to 20% of the value of the property. In England, you won’t be charged any loan fees for the first 5 years of owning your home. In the 6th year, you’ll be charged a fee of 1.75% of the loan’s value. After this, the fee will increase every year. The increase is worked out by using the Retail Prices Index plus 1%.  Fees don’t count towards paying back the equity loan.

With Help to Buy Equity loan, buyers only need up to a 75% mortgage; but with Help to Buy Mortgage Guarantee, buyers will need up to a 95% mortgage.

Q) Why has Help to Buy been set up?
A) The Government is continuing its pledge to help more people across the country to become home owners.

Q) Am I able to buy a house under the new scheme?
A) If you can raise a 5% deposit you will be able to buy a new home under Help to Buy.

Q) What is the maximum property purchase price?
The maximum home purchase price with Help to Buy is £600,000 in England.

Q) Can I use Help to Buy for a buy-to-let property?

A) No, the scheme is only available on properties that will be occupied by the person or persons who have taken out the mortgage.

Q) Am I able to get an interest only mortgage using Help to Buy?
A) No, the scheme is only available in relation to capital repayment mortgages.

Read the full terms and conditions

†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.