Help to Buy can make your new home possible with just a 5% deposit

What is the Help to Buy scheme?

If you’re a first time buyer, Help to Buy* is a great way of making your new Peveril home possible.

With a Help to Buy Equity Loan, the Government lends you up to 20% of the cost of your newly built home, so you’ll only need a 5% cash deposit and a 75% mortgage to make up the rest. But you’ll still own 100% of your own home.

At each Peveril Homes development, we have access to professional, independent financial advisors who can assist you with any questions you have about Help to Buy and potential lenders.

Help to Buy is currently available across selected properties at many of our stunning developments.

We’ve included a handy range of online calculators lower on this page for you to work out your finances…

What you need to know?

  • Only first time buyers are eligible for Help to Buy
  • Help to Buy is only available on new build properties
  • Move into a brand new Peveril home up to the value of £261,900 (East Midlands) or £255,600 (West Midlands)
  • You must occupy your property and it must be your only property
  • Only a 5% deposit is required
  • The Government lends up to 20% of the value of the property
  • You’ll need a 75% mortgage from a bank or building society to make up the rest
  • You will own 100% of your new home
  • The equity loan is interest free for the first 5 years

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How long will the Help to Buy scheme run for?

The current Help to Buy scheme which is available to first time buyers only will run until March 2023. Regional price caps do apply.

Find out more

To find out more about Help to Buy, please speak to one of our friendly Sales Executives at your chosen development. You can also visit the Government website for more information www.helptobuy.gov.uk.

Use our online Help to Buy calculator below to work out whether you could afford to buy a home using a Help to Buy equity loan.

Online calculators

Use our range of helpful online calculators to help you understand your financial position better.

Mortgage Calculator

Monthly mortgage cost: £711

Breakdown of monthly payments

Repayment amount: £500 a month

Interest: £211 a month

Stamp Duty Calculator

Single property or additional property?

Cost of stamp duty: £0

Help to Buy Calculator

Monthly mortgage cost: £711

5% deposit: £10,000

Help to Buy equity loan: £40,000

Mortgage: £150,000

* Subject to terms and conditions. Eligible applicants will be offered an equity loan of up to a maximum of 20% of the gross purchase price based on the open market value. Applicants are required to fund at least 80% of the purchase price by means of a conventional mortgage, savings or any deposit required. This offer is only available on selected developments and properties in England only. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.