Help to Buy

The current Help to Buy scheme is available until March 2021, and both existing homeowners and first time buyers can benefit when purchasing a new home up to £600,000.

From 1 April 2021 there will be a new Help to Buy scheme for first time buyers only, with new maximum price caps on eligible homes - Find out more here.

What is Help to Buy?

Help to Buy provides an equity loan from the Government that could enable you to buy a brand-new David Wilson home.

  • You only need a 5% deposit
  • It’s an equity loan for up to 20% of the value of your property, interest free for the first 5 years
  • You may only need to secure a 75% mortgage

Does my new home qualify?

The scheme is available exclusively on new-build homes worth up to:

  • £600,000 in England
  • £300,000 in Wales
  • £200,000 in Scotland

The scheme works slightly differently throughout the UK. View our location-specific pages to find out how Help to Buy works where you are. This page provides information about Help to Buy in England.

Help to Buy Wales        Help to Buy Scotland

How does it work?

  • You only need a 5% deposit for your new home.
  • The Government provides a ‘Help to Buy Equity Loan' for up to 20% of the value of the property.
  • This loan is interest free for 5 years and can be repaid at any time within 25 years or on the sale of your home.
  • You then need to secure up to a 75% mortgage.
  • Competitive mortgage rates are available, and we can introduce you to a (potentially fee-free) New Home Mortgage Adviser who’ll search the market to find you a great deal.

Who is eligible

Help to Buy is available to both first time buyers AND existing homeowners.

However, there are a few important conditions:

  • The home you buy must be your only residence.
  • The scheme isn’t available to buy-to-let investors or those who will own any other property after they complete.

Call us on 0330 057 2222 and we can introduce you to a New Homes Mortgage Adviser, who will tell you if you qualify for the scheme.


 Watch: Help to Buy explained

Be Inspired: See where Help to Buy could take you

Use our Help to Buy calculator to see the luxury a 5% deposit could afford you, then start browsing the exceptional David Wilson Homes in your area.