Help to Buy Scotland

Help to Buy Scotland has been extended to April 2022. Find out how we can help get you moving:

Ashberry Home

Help to Buy has been extended

Help to Buy Scotland allows both existing homeowners and first time buyers the opportunity to purchase a property with just a 5% deposit and an additional Government-backed loan of up to 15%, interest free.*

The current scheme is open to both existing and new home buyers and has been extended until March 2022.

To use the existing scheme, you will need to legally complete on your home by 31st March 2022. We’re here to help you, and with great incentives now available across our developments, now is the time to reserve.

What is Help to Buy?

What is Help to Buy?

Backed by the Government and, until the end of March 2022, available to both first-time buyers and existing homeowners, Help to Buy Scotland allows people move on to, or up, the property ladder. Using the scheme, you can purchase a new build home up to a maximum value of £200,000 in Scotland.

There are schemes for England, London, Scotland and Wales, each with regional variations. Please see our individual pages to find out the right information for your area.

How does it work?

Help to Buy allows you to own your new Ashberry home with just a 5% deposit.

The government then lends you up to 15% of the cost of your home, which means that you’ll only need a 80% mortgage.

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 15% on purchase, then you must pay 15% of the proceeds of the future sale).

The current Help to Buy scheme ends in March 2022.

You own 100%
of your home
Help to Buy diagram
1

Find and reserve a property

2

HTB and mortgage applications

3

Mortgage offer

4

Get your keys and move in!

Who’s eligible?

Is Help to Buy for me?

  • First time buyers
  • Existing homeowners
  • Those moving onto or up, the property ladder
  • Must be your only residence

Top FAQs about
Help to Buy

Are there any restrictions under the scheme?
A.

The property you purchase using Help to Buy must be your only home and you must live in it.

You cannot use Help to Buy in conjunction with part exchange on an existing home.

If you already own a home you will have to sell it before using Help to Buy.

Any mortgage used in conjunction with Help to Buy must be a repayment mortgage (not an interest-only mortgage).

You must seek permission to extend, or alter the property purchased using Help to Buy.

Can I buy any home using Help to Buy?
A.

The scheme is only available to new build homes, and price caps do apply. In Scotland, the scheme is available on new build homes priced up to £200,000.

How much deposit do I need?
A.

You need a 5% deposit.

How much can I borrow using Help to Buy?
A.

In Scotland, you can borrow up to 15% of the cost of the home, with a maximum property price of £200,000.

Is the equity loan interest-free?
A.

Help to buy is interest-free for the first five years, however, there is a management fee of £1 per month until the loan is repaid. After five years, interest will apply – currently 1.75% in year six, then 1.75% and any increase in the Retail Prices Index (RPI) plus 1% each subsequent year.

When do I have to repay the loan?
A.

When using the Help to Buy Scotland scheme, there is no set deadline to repay your equity loan. However, you will need to pay back the full equity support in certain situations - such as if you decide to sell your home.

Can I repay the loan early?
A.

You can pay back all, or part, of the loan at any time, with a minimum of 5% of the prevailing market value of your home.

The Help to Buy scheme works slightly differently depending on your location.
Make sure to get the right information.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT. With the Help to Buy (Scotland) Affordable New Build scheme, homebuyers with a minimum of 5% deposit can receive an interest free equity stake of up to 15% of the value of their new home from the Scottish Government, which can be repaid at any time, leaving only an 80% mortgage to secure with a lender. The scheme is available on selected Ashberry Homes developments in Scotland. The maximum value of homes supported by the scheme is £200,000 until March 2022. Terms and conditions apply. For further details visit www.bellway.co.uk/special-offers/help-to-buy-scotland. Available on selected plots only and cannot be used in conjunction with any other offer. Help to Buy cannot be used in conjunction with other schemes. Information correct at time of sending.