Help to Buy

Helping first time buyers purchase a brand new home with just 5% deposit

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What is Help to Buy?

Help to Buy allows first time buyers the opportunity to purchase a property for just 5% deposit, with an additional Government-backed loan of up to 20%, interest free for five years*

The Help to Buy scheme differs depending on where you live – there are regional price caps in England and variations of the scheme for London, Scotland and Wales.

We’re here to guide you through the process of using Help to Buy, and with great incentives available across our developments, now is the time to reserve.

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How does it work?

With a Help to Buy equity loan, first time buyers can purchase a newly-built home with just a 5% deposit.

As part of the scheme, the Government lends you up to 20% of the cost of your home, meaning that you’ll only need a 75% mortgage to make up the rest.

For the first five years, the Government’s share of the loan is completely interest-free. You must repay the Help to Buy loan after 25 years, or earlier if you sell your home, repaying the same percentage of the proceeds of the sale of your home (i.e. if you received 20% on purchase, then you must pay 20% of the proceeds of the future sale).

The new Help to Buy scheme is available to first-time buyers only, subject to eligibility, and is restricted by regional price caps.

Help to Buy changes explained

Customer care

You can expect the following service standards:

1

Find and reserve your PINO home

2

Apply for your mortgage with Help to Buy

3

Receive your mortgage offer

4

Move into your brand new PINO home

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What are the regional price caps?

The scheme is available on new build homes with the following regional price caps in England:

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Help to Buy
price caps by region
North East
£186,000
North West
£224,400
Yorkshire and the Humber
£228,100
East Midlands
£261,900
West Midlands
£255,600

Who is eligible?

Help to Buy is available to first time buyers looking to buy a new-build home as their only residence.

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5/5

“From start to finish, the staff were extremely helpful – they dedicated so much time towards making sure our move went smoothly. It’s clear to see why Pino is a 5-star builder.”

Hannah Appleby, Monks Meadow, Wales division

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