Help To Buy

Help to buy is a government scheme to help those who cannot afford to purchase on the open property market.

How Can Help To Buy Affect The Purchase Process?

The purchase process is similar to that of a new build as it usually runs alongside new build purchases.

The process usually follows:

  • Broker applies for the help to by
  • Buyer instructs their law firm
  • Help to buy usually confirms successful applications before the file is even opened

From here, the process would follow that of a normal purchase process for a new build property. More information on the new build purchase process can be found on our New Build Properties page.

What Schemes Are Available?

There are several schemes available and we recommend that you research all of them to ensure you are choosing the right scheme for you as it is a second charge and will need to be repaid.

Shared Ownership

For more information on Shared Ownership, please follow this link to our Shared Ownership webpage, or visit the Shared Ownership Government website

Help To Buy Equity Loans

For this scheme, the Government lends you between 10% and 20% of the cost of your new-build home, so that you will only need a 5% cash deposit and then a 75% mortgage to make up the rest. You will not be charged loan fees on the Government loan for the first five years of owning your home, and is paid back either at the end of the mortgage term, or when the property is sold.

The below is an example from the Government Help To Buy website for a home with a £200,000 price tag.


For more information on how to qualify, please visit the Help To Buy Equity Loan Government website.

Rent To Buy

This is an option if you are unable to purchase a home at the moment due to not having enough money saved up for a deposit.

The Housing Association or Registered Provider will offer homes to rent for around 20% less than the typical open market rent values, with the option to purchase shares in your rented home in the future using the Shared Ownership scheme. You are normally offered an Assured Shorthold Tenancy with an initial commitment of six months.

For more information on how to qualify, please visit the Rent To Buy Government website.

Intermediate Rent

This is an option if you are not looking to buy a home just yet, but want to be able to start saving for a deposit to buy in the future.

The Housing Association or Registered Provider will offer homes to rent for around 20% less than the typical open market rent values. You are normally offered an Assured Shorthold Tenancy with an initial commitment of six months, giving you the opportunity to save money for a future deposit. However, Intermediate Rent properties are currently not available to purchase in the future, they are for rent only.

For more information on how to qualify, please visit the Intermediate Rent Government website.

There are more schemes available across the country, for more information on Government Help To Buy schemes, please visit the Help To Buy Government website.

If you have any further questions or would like to get the purchase process started with us then please call us on 01603 620508, or use our website contact form and quote service, and a member of our residential property new business team will be in contact soon.

September Prize Draw

Private matters instructed in September will automatically be entered into our September prize draw to win a free* property transaction. Your quote reference will be your ticket number. Use our website free quote system or call our property department to get started.

*T&C'S: PRIZE VALID ON FOSTERS' LEGAL FEES ONLY, OTHER COSTS AND DISBURSEMENTS WILL BE PAYABLE BY THE CLIENT IN THE USUAL WAY. NOT TO BE USED IN CONJUNCTION WITH ANY OTHER FOSTERS OFFER. THIS OFFER IS APPLICABLE TO PRIVATE TRANSACTIONS ONLY WHERE THE CLIENT HAS APPROACHED FOSTERS SOLICITORS LLP DIRECT. DISCOUNT IS NOT AVAILABLE FOR MATTERS REFERRED TO FOSTERS SOLICITORS LLP FROM ESTATE AGENTS WHEN FOSTERS MAKE REFERRAL PAYMENTS TO THESE AGENTS.

Help To Buy Frequently Asked Questions

Contacting Us

The Residential Property Team at Fosters Solicitors have a wealth of experience and knowledge to assist you in relation to any legal property query or matter you may have. Call us on 01603 620508 or complete our and a member of the department will be in touch very soon.