Help to Buy

At Morrish Homes we want to make buying your new home as simple and straightforward as possible, which is why we are an approved Help to Buy provider.

What is the Help to Buy scheme?

If you’re a first-time buyer hoping to purchase a new build home, you may be able to apply for the government’s Help to Buy: Equity Loan scheme. With the help of the scheme, you could buy a Morrish home of your choice with as little as a 5% deposit (subject to terms and conditions). The loan will add a further 20% to your deposit, then a Help to Buy mortgage will cover the remaining 75% of the property cost.

The Help to Buy scheme is only available to first-time buyers purchasing newly built homes. To be eligible for the loan, homes have to be below the set maximum price for their area. In the South West, the price cap is £349,000.

We are an approved Help to Buy provider. If you're interested in any of our new homes and would like to find out more about your eligibility for the Help to Buy scheme, please get in touch with us here.

How does it work?

You contribute a 5% deposit towards the total property purchase price
The government will loan you up to 20% of the property value (subject to your affordability)
You obtain the remaining 75% of the funds for your new build home through your chosen lender
Funds from the government loan are paid straight to us on completion, making the process simple and straightforward
The Help to Buy loan is interest-free for 5 years and can be repaid at any time or on the sale of your home

Help to Buy Scheme