Help To Buy
If you’re a first-time buyer, the government’s ‘Help to Buy’ scheme could get you one step closer to moving into the Berkeley DeVeer home of your dreams.
How does it work?
With as little as 5% deposit, the government will lend you another 20% for a new-build home up to the price of £228,100 in Yorkshire, £186,100 in the North East and £224,400 in the North West. This means you’ll only have to apply for a 75% mortgage while owning 100% of your new home.
The equity loan is interest free for the first five years, and you can pay it back within 25 years living in the property or if you ever decide to sell your home.
You only need a 5% deposit
Available for new build homes only
Available to first-time buyers only
The government will lend you up to 20% of the value of the new property
You will own 100% of your home
Equity loan is interest free for five years
Help to buy calculator
Help To Buy FAQS
You’ll find details of your local Berkeley DeVeer office in the contact page.
The Help to Buy Equity Loan scheme is available to both first time buyers and existing home owners. You will need a minimum 5% deposit to qualify. There is no maximum household income to qualify for the scheme, and you can purchase a property with a maximum value of £600,000 in England, £300,000 in Wales and £200,000 in Scotland. The Help to Buy Equity Loan scheme is exclusive to new-build homes only.
The popular Help to Buy Equity Loan scheme has been extended until 2021 through a further £8.6billion in government funding - read more here.
No. With Help to Buy Equity Loan, you purchase 100% of your home and legally own 100% of your home.
Just contact your local Berkeley DeVeer office and they’ll let you know what’s coming up.