Help to Buy

With the Help to Buy scheme, you could buy a new home with just 5% deposit. Help to Buy is available to everyone. If you're a first time buyer, you’ll need to save just 5% deposit to get a mortgage, so you could buy your first home sooner than you thought. And if you’re an existing homeowner, you can use Help to Buy to trade up to a bigger property, even if you have limited equity in your existing home.

Where can I get Help To Buy?

Help to Buy is available on selected plots across Merchant Homes’ developments. The Help to Buy interest free equity loan is exclusively available on new build properties. The equity loan could reduce your mortgage repayments, making this an affordable option.

How does the Help to Buy equity loan work?

With the Help to Buy equity loan scheme, you'll need as little as 5% deposit and 80% mortgage to buy new home in Scotland. This could make your mortgage repayments more affordable and is exclusively available on new homes.

With the Help to Buy equity loan scheme:

The Government will lend you up to 15% of the value of your home via an equity loan
You may only need to secure up to an 80% mortgage
You will only need a minimum 5% deposit to buy a new home in Scotland worth up to £230,000
The Help to Buy equity loan can be repaid at any time or on the sale of your home