Open the door to owning your home.

Help to Buy* is available on selected Deanfield homes. The scheme allows you to buy your new home with just a 5% deposit and a 20% government loan.

How it works.
  • Find your ideal Deanfield home available under the scheme, up to a maximum purchase price of £600,000.
  • You’ll need a deposit of 5% of the purchase price to secure your home.
  • You’ll need to secure a mortgage for 75% of the purchase price.
  • The Government will lend you up to 20% of the purchase price through an equity loan, subject to approval.

Typical Example

  • 5% Deposit required
  • 20% Loan from government
  • You obtain a mortgage for the remaining 75%
  • No fees charged on the 20% loan for the first five years of ownership

Example home value – £400,000
Reservation fee – £500
5% Deposit – £19,500
20% Equity loan – £80,000
75% Mortgage – £300,000

Your mortgage lender’s deposit requirements may vary, but you should usually expect to contribute a deposit of at least 5% of the purchase price. Available on selected properties, and subject to the Government’s specific terms, conditions and qualifying criteria.

CHECK THAT YOUR MORTGAGE WILL MEET YOUR NEEDS IF YOU WANT TO MOVE OR SELL YOUR HOME.  IF YOU ARE IN ANY DOUBT SEEK INDEPENDENT ADVICE.