Help to Buy is here!!! The Government’s Help to Buy Scheme is now fully in motion.  Here is what we think are the key facts you ought to know; Help to Buy 1 (Equity Loan) – this is only available for new build properties and minimum deposit is 5% to qualify.  You purchase and secure borrowing up to 75% of the property and the remaining 20% comes from a Government loan (first five years is interest free on the Government loan).  Rates begin from 4.49%. Help to Buy 2 (Mortgage Guarantee) – this is available for new builds and existing homes and minimum deposit is 5% to qualify.  This can be the only property you own (regardless if you have a mortgage or not) and a simpler transaction where you apply for a 95% mortgage and rates begin from 4.99%. Maximum property value in England is £600,000 and £400,000 in Scotland.