Help To Buy - PORT Homes

With only a 5% deposit needed – Help to Buy gives our customers the opportunity to start looking for their dream home sooner than they thought.

The Help to Buy equity loan is a scheme backed by the HM government. It is exclusively available on new build properties up to £600,000 in the UK. It is available to both first-time buyers and existing homeowners.

You’ll only need a minimum deposit of 5% to purchase your dream home and the government will lend you up to 20% of the value of the new home through an equity loan which can be repaid at any time during the loan term or on the sale of your home.

Some of the advantages are that the loan is interest free for the first 5 years of owning your home, you’ll only need to secure up to a 75% mortgage and you will own 100% of your home!

For more information (including advice on fees and paying back your loan) please download the Help to Buy Buyers’ Guide.

Help To Buy Explained

Take a look at the video guide below by Zoola, showing the details of how Help to Buy works