Help to Buy


It’s so smart to move with Help to Buy and Kensington Developments

Whether you’re currently looking to buy your first home, second home, need more space for your family or are relocating for work, chances are you’ve heard about Help to Buy.

The Government’s Help to Buy scheme is now available in England. It only requires a 5% deposit and is available to first time buyers and existing homeowners. 

  • Available on new build homes up to £600,000 in England.
  • The Government will lend you up to 20% of the property value through and equity loan which can be repaid at any time during the loan term or on the sale of your home.
  • You will not be charged any loan fees for the first five years of owning your home
  • You’ll only need to secure up to a 75% mortgage from a bank or building society.
  • There is a range of competitive mortgage rates available with this scheme.

Eligible Help to Buy applicants will be offered an equity loan of up to a maximum of 20% of the purchase price (based on the open market value). Applicants are required to fund at least 80% of the purchase price by means of a conventional mortgage, savings and any deposit where required. Applicants must obtain their conventional mortgage from a Qualified Lending Institution. For the first five years there is no fee charged on the equity loan component. At the start of year six a fee is collected of 1.75% of the market value of the property at the time the loan is entered into multiplied by the outstanding percentage under the equity loan, the annual fee of 1.75% will be uplifted by RPI + 1% p.a. The loan must be repaid after 25 years or earlier if you sell your home whereby the repayment sum will reflect up to 20% of the market value of the property at the time the property is sold or remortgaged. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.