Jason Bailey

Expertly compared by Jason Bailey

Products Updated May 8, 2018

Help to Buy Mortgages

You can now quickly view and discover all the Help to Buy mortgage lenders and products currently available for first time buyers. Use our free to use comparison tools and broker service to view the whole range of mortgages on offer.

Free mortgage advice and brokerage service. Our experts can find you the perfect deal from thousands of products & exclusive deals:

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

Results:1 providers expertly compared:

Lending Expert


This provider is our Expert’s Choice in its category as it won tops marks for the following.


Learn more about how we review and assess the providers here on Lending Expert.

60% - 100%

Initial Rate
1.19% - 4.32%

Standard Rate (SVR)
3.94% - 4.79%


Variable & 3 ,5 & 10 Fixed Rate

Rated 4.9/ 5

All credit types

The mortgage experts at First Choice Finance can quickly assess your requirements and search the market place to find you the perfect mortgage deal. Click get a quote to make an enquiry today.

Read our customer and visitor reviews for this product:

Rating: 4 / 5 with 2 votes

Simple application process

by K Wheeler

Simple application process - broker was kind and offered advice.

Quick search

by James Hilton

This is a quick mortgage search facility and shows many lenders across the market. Impressed with the level of detail on each product.


The gap between salaries and house prices may have stopped growing quite so rapidly, but it still leaves the gap just too large for many people to even begin to contemplate getting onto the property ladder. Trying to save up a 20% deposit whilst paying rental prices that can be a couple of hundred pounds more than you would be paying on a mortgage can be incredibly frustrating as you are essentially throwing away money that you could be investing in a property of your own.

Fortunately for first time buyers the government has recognised that this is an issue and has put together the Help to Buy scheme that is specifically designed to help people who do not have a large deposit to get onto the property ladder. The Help to Buy Scheme has two components to it. The first is the Help to Buy Mortgage Guarantee and the second is the Help to Buy Equity Loan.

The qualification criteria are easy to find on the internet, but the key elements you must meet are as follows: you must have a deposit of at least 5% of the property value that you wish to purchase; the property you are looking to buy must have a value of £600,000 or less; and finally you must be purchasing the property as your main residence so you cannot use this scheme for a buy to let property, or to buy a property as a second home.

The great thing about the Help to Buy Mortgage is that most of the big mortgage lenders in the UK have signed up to be part of the scheme, so you should have a reasonable choice of mortgages available to you. The way these types of mortgage work is that the government actually acts as a guarantor for you on any borrowing over 80%. This means that you are able to get a mortgage with as little as a 5% deposit because should you default on your payments, the government guarantees to pay the lender the % over 80% of your loan.

You will be glad to know that this will only ever come into play if you get into difficulties with your mortgage and if you make all of your payments on time then you will see none of this and can just approach your mortgage repayments in the same way as any other mortgage. Therefore you will be responsible for the repayment of the whole loan over the term of the mortgage. The major benefit of this scheme is that in a risk averse financial climate, lenders are provided with a lower risk option due to the government guarantee for any borrowing over 80% of the property price.

The Help to Buy equity loan scheme is slightly different to the mortgage scheme as you will be provided with an equity loan to boost your deposit to 25% in order to then secure a standard mortgage. The criteria to qualify for an equity loan are slightly different to than for a Help to Buy mortgage. In addition to the qualification criteria already mentioned, in order to qualify for an equity loan you also have to buying a new build property. The process is then that you provide a deposit of at least 5%, which is then topped up with a government equity loan of 20% of the price of the property, which then leaves you with a minimum of a 25% deposit to then be able to apply for a standard mortgage on the remaining 75% of the property.

You do have to be careful with an equity loan due to the interest rates that are charged on the loan. You get five years of having the loan interest free, but from the sixth year you then have to start paying interest. It is very important that you understand that the interest rate will increase every year, and so will the size of the equity loan, so this is really only a cost-effective option for people who can use the loan to reduce mortgage payments enough by getting a good interest rate on the mortgage to then save up enough to be able to pay off the loan and switch the entirety of the borrowing to a mortgage. While the interest addition to the loan may be reasonable for a couple of years, you will find that it will grow increasingly quickly and could be very substantial after 25 years, which is when it will need to be repaid in full.

Related Links

Compare Mortgages

Compare from a wide range of mortgage offers online. Get expert advice from our FCA authorised mortgage brokers.

Mortgages For First Time Buyers

If you're a first time buyer we can help you make the right decisions. Get expert help from our mortgage advisors and compare the market.

90% Mortgages

Need a mortgage with a 10% deposit? Compare and search 90% mortgages onlines. Apply online with Lending Expert.

95% Mortgages

Need a mortgage with a 5% deposit? Compare and search 95% LTV mortgages onlines.

Fixed Rate Mortgages

Compare fixed rate mortgages and get expert advice from our mortgage advisors. Apply online today with Lending Expert.

Mortgage Brokers

Mortgage brokers can search the market and offer advice on which mortgage products suit your needs. Help expert help with Lending Expert.

Help to Buy Mortgages

Get advice on the help to buy scheme and see which mortgages are available to you. Lending Expert can check your eligibility online.

Right to Buy Mortgages

Want to buy your council house? Our mortgage advisors can help with right to buy mortgage products.

Mortgages For Pensioners

If you're a pensioner and need a mortgage or remortgage then Lending Expert can help.

Mortgages For Self Employed

If you're self employed and wish to remortgage your home or take out a new mortgage we can help.

Self Build Mortgages

Want to build your own home? Our advisors can help with self build mortgages and can discuss what options are available.

Holiday Let Mortgages

If you're looking for a holiday let mortgage or brokers can help secure you a great deal. Check your eligibility and apply online today.

Guarantor Mortgages

Need a mortgage with the help from a guarantor. We can search and compare guarantor mortgages on the market.

100% Mortgages

Looking for a 100% mortgage deal. Let our advisors find you a great deal.

Bad Credit Mortgages

If you have bad credit and need a mortgage we can help. Solutions for most credit types.

Buy to Let Mortgages

Our brokers can quickly search and compare buy to let mortgage rates and deals to find you what you need.

Mortgage Calculator

Calculator your mortgage repayments, how much it will cost and interest payments.

Equity Release Mortgages

Get expert advice on equity release mortgages for the over 55's.

Expat Mortgages

Are you an expat and require a mortgage? We can search the market to find you the ideal lender.

Mortgage Payment Protection

Looking to protect your mortgage payments? Our life insurance experts can help.

Lifetime Mortgages

Looking to release equity in your home? Our experts can help with lifetime mortgage options. FCA authorised advisors.

Second Charge Mortgages

If you wish to take out a second charge mortgage our brokers can help. Get a quick quote and expert advice.

Remortgage For Debt Consolidation

Find the perfect remortgage deal for debt consolidation purposes here on Lending Expert.

Remortgage With Bad Credit

If you have bad credit you can still remortgage to a better mortgage rate and borrow what you need.