Help to Buy Mortgages

Help to Buy was a government scheme offering loans to help first-time buyers purchase new-build homes with a smaller deposit. It’s no longer available for new applications.

What is Help to Buy?

The Help to Buy scheme was designed by the government as a means of making purchasing your first home a simpler and smoother process. Specifically targeted at people who are buying a main residence for the first time, the scheme is no longer available.

purchasing a property in Worcester

How does Help to Buy remortgaging work?

If you are looking to remortgage there are a few things to consider:

  • Inform Help to Buy administrator beforehand: Notify them before switching lenders or borrowing more.
  • Increased borrowing allowed: Only for specific reasons like repaying the Help to Buy loan, making approved home improvements, or transferring equity.
  • Loan to value limit: Typically capped at 75% of home value unless repaying the equity loan.

Please note: This information is for general understanding only and may not apply to all situations.  Our advisers can discuss your circumstances and advise on the best options.


Your home may be reprocessed if you do not keep up repayments on your mortgage.

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Financial advisory in Worcestershire and Kent

Based in Droitwich Spa, we’ve proudly supported clients of all ages since 2004. The opening of our second office in Sevenoaks allowed us to extend our bespoke financial services even further, making SN Financial a trusted financial adviser for individuals, couples, families and businesses across Worcestershire, Kent and the rest of the UK.

Droitwich Office

5 Saltway, Droitwich, Worcestershire, WR9 8LB
01905 779697

Sevenoaks Office

46 Holly Bush Lane, Sevenoaks, Kent, TN13 3TL
01732 926255