Buy a new home at The Sandpipers

Help to Buy

Whether you are a first-time buyer or looking to move on from your existing home, Help to Buy could make your purchase easier and more affordable than ever before.

How it works

With an equity loan:

  • You’ll need to contribute at least 5% of the property price as a deposit
  • The government will give you a loan for up to 20% of the price
  • You’ll need a mortgage of up to 75% to cover the rest

Equity loan fees

You won’t be charged loan fees for the first five years of owning your home. In the sixth year, you’ll be charged a fee of 1.75% of the loan’s value. After this, the fee will increase every year, at a rate of 1% above the retail price index.

Your Help to Buy agent will contact you before the fees start, to set up monthly payments with your bank. You’ll also be sent a statement about your loan each year.

Fees don’t count towards paying back the equity loan.

Selling your home and paying back the loan

You must pay back the loan after 25 years or when you sell your home – whichever is earliest. How much you pay back will depend on the market value at that time.

You can pay back part or all of your loan at any time. The minimum percentage you can pay back is 10% of the market value of your home. The amount you pay will depend on the market value at that time.

You won’t be able to sub-let your home if you use this scheme. It must also be your only property.

Mortgage Indemnity Scheme

For those in search of a mortgage without the need for an equity loan, the Mortgage Indemnity Scheme could be just what you are looking for.

Customers who are not eligible for Help to Buy may still be able to afford their dream home, as the Mortgage Indemnity Scheme is available to a huge number of buyers, including those who already own another property.

  • Is available to all buyers, even if you own another property
  • Allows you to buy a new build home with just 5% deposit
  • Provides access to 95% mortgage offers with competitive rates
  • Does not require you to take out an equity loan
  • Means you own your home outright, from day one
  • Is available in conjunction with part exchange opportunities

To find out if the Mortgage Indemnity Scheme could help you buy a new build home, contact Lancet Homes today.

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Mortgage Calculator

You can borrow:

Your monthly repayments:

Please read our mortgage calculator Ts & Cs.

Mortgage Calculator Ts & Cs.

This calculator is provided for basic guidance only; Lancet Homes does not offer mortgage advice.
Not all lenders will offer products accommodating all calculations possible with this calculator. This calculator does not include fees which may be payable to your lender such as arrangement fees, valuation fees, early repayment charges, insurance or taxes and stamp duty etc. You should take advice from an IFA or preferred lender before agreeing to a mortgage. This calculator does not include all the information you will need to apply for a mortgage. This calculator assumes that the minimum allowable deposit on a 'with Help to Buy' mortgage is 5% and the maximum allowable deposit is 30%.  This calculator also assumes that the minimum deposit for a 'without Help to Buy' mortgage is 15%.  This calculator does not constitute a mortgage quote.



Did you know, with the help to buy scheme you can borrow:

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