Help to Buy

Own a Stylish City & Country Home for Less.

Help to Buy – new changes

  • The scheme is open to first-time buyers only and there will be regional prices caps in place
  • Interest is Consumer Price Index (CPI) + 2%

How the scheme works

The ‘Help to Buy Equity Loan’ scheme allows buyers to own 100% of a property with as little as 5% deposit.

First-time home buyers who are eligible for an equity loan can borrow up to 20% (40% in London) of the purchase price of a new build home. You pay a deposit of 5% of the purchase price of your new home at exchange of contracts and arrange a repayment mortgage of at up to 75% (55% in London) of the purchase price of your new home.  Moreover, you will not be charged interest on the equity loan for the first 5 years.

An equity loan is secured against your property in the same way as a repayment mortgage. You must repay the equity loan when you sell the home, pay off your repayment mortgage or reach the end of your equity term. You can repay all or part of the equity loan any time before then.

City & Country is delighted to be able to offer Help to Buy at selected developments, namely St Osyth Priory, The General, Factory No.1 and The 1840, St George’s Gardens.

Regional price caps

East of England – £407,400

South West – £349,000

London – £600,000

What you need to do:

In order to buy a house with the Help to Buy scheme, you need to check with your homebuilder that they are registered for the scheme before you apply.


Frequently Asked Questions:

What is the Help to Buy: Equity Loan Scheme?

The Help to Buy: Equity Loan scheme is available to first time buyers only, who wish to buy a new build property. The scheme works whereby the Government provides buyers with an equity loan of up to 20% of the value of a new build property so buyers only need to raise a 5% deposit themselves and obtain a 75% mortgage to make up the rest. With the Help to Buy Equity Loan scheme in London the Government lends you up to 40% of the cost of your newly built or converted home, so you’ll only need 5% cash deposit and 55% mortgage to make up the rest.

How much can I borrow?

Following regional price caps, and subject to meeting the eligibility criteria and affordability checks, you can use one of the Help to Buy schemes to purchase a City & Country property with a value up to £407, 400 at St Osyth Priory (East of England),£349,000 at Factory No.1 and The General (South West) and £600,000 at The 1840, St George’s Gardens (London). You can borrow up to 20% (40% in London) with an equity loan from the Government and 75% (55% in London) with a mortgage.

Can I put more than a 5% deposit down?

Yes, you can pay a deposit up to 70% of the property price, with a minimum 25% repayment mortgage and a 5% equity loan. You should discuss this with your Financial Advisor to understand all your available options.

What interest will I pay?

The loan is interest free for the first 5 years. From year 6 a fee of 1.75% is payable on the equity loan which rises annually year in April by the Consumer Prices Index (CPI) plus 2%. You pay a monthly management fee of £1 for the life of the equity loan.

When will I have to pay back my equity loan?

The equity loan can be repaid at any time within 25 years (or the terms of the mortgage), or on sale of the property. The total amount repayable by you will be the proportion of the market value of your home that was funded by this loan, plus interest and charges. The amount you will have to repay under the loan agreement will depend on the market value of your home when you repay the Help to Buy equity loan and the rate of inflation in the meantime.

What will the interest rate be on my mortgage?

The interest rates on the mortgage you select will be set by lenders and so we recommend you speak with a financial advisor directly. The Government will not set the price, this is a commercial decision for individual lenders.

For full terms & conditions and to find out more about the Help to Buy Scheme visit