The need for a Help-to-Buy hero is more important than ever before

It’s no secret the Help-to-Buy scheme has been under the spotlight in recent months, with stories of happy homeowners balanced with accusations that the scheme isn’t actually delivering what it promised.

In fact, independent think tank, The Resolution Foundation, went as far to call the scheme a ‘ticking time bomb’.

There are, however, many who believe the scheme has been a success and have opened more doors than ever before for those looking for a home to call their own.

This is evident with the Ministry of Housing, Communities and Local Government reporting that a total of 158,883 properties have been purchased using the Help to Buy Equity Loan scheme. How does this look in monetary terms? Well, the total value of the loans reached £8.27bn, with new builds coming in at £39.28bn – a tremendous dent of the new build marketplace. 

Is it the end for Help-to-Buy equity loan?

The need for a ‘Help-to-Buy hero’ has never been more apparent. With the scheme turning 5 this year, its adoption shows no sign of slowing down. This means your clients need a lender who understands the scheme in its entirety and who can transparently weigh up the positives and negatives.

This is where we come in to play.

Newbury Building Society is an affordable housing ‘lending veteran’, having helped 1900 people buy their first home, with over fifteen years of experience in this particular market. 

Our Help-to-Buy Equity Loan lending criteria breakdown:

  • We lend on Help to Buy - Equity Loan throughout England and Wales
  • The applicant(s) must have a minimum 5% deposit from their own resources
  • 3 & 5 year discount or fixed products on purchase and remortgage 
  • For new build properties, the mortgage offer is valid for up to 6 months. This can be reviewed if the property is delayed
  • Prompt processing and proactive service  
  • All shared equity mortgages must be on a capital and interest repayment basis
  • The maximum LTV in the following postcodes is 60% - E, EC, N, NW, SE, SW, W, WC

We believe this specialist area requires professional advice from a lender with experience. Like us, for example. Don’t just take our word for it:

“As a first time buyer, my mortgage was made very straightforward and understandable by Newbury Building Society.” – Lucy, mortgage customer

“We had 18 months of delays getting into our new build shared ownership property. They kept our mortgage offer going throughout the delays. They are easy to get hold of and always helpful which made the experience of using them go above and beyond what we expected.” – Dani, mortgage customer

Let us be your client’s Help-to-Buy hero.

If you have clients who are looking for affordable housing options, Newbury Building Society is here to help. Our Helpdesk is available 9am-5pm, Monday to Friday, by calling 01635 918000 to speak to one of our BDMs. You can also email:

Don’t forget: We lend across England and Wales for Shared Ownership and Help to Buy Equity Loan, we do not credit score, all our mortgages are individually underwritten and we consider unusual properties and circumstances, including self-employed and contractors. 

Matthew Long Senior Business Development Manager

Matthew develops and manages a network of mortgage introducer relationships. He proactively manages existing referrer relationships and helps to develop new intermediaries referrals to the Society.

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