Help to Buy

Help to Buy is a government scheme which is backed by the Homes and Communities Agency (HCA). It is a scheme which allows you to purchase certain Troy Homes with a smaller deposit than may be required if purchasing second hand.With a Help to Buy: Equity Loan the Government lends you up to 20% of the cost of your newly built home, so you’ll only need a 5% cash deposit and a 75% mortgage to make up the rest.You won’t be charged loan fees on the 20% loan for the first five years of owning your home.

This scheme is available to first-time buyers and current homeowners who meet the qualifying criteria, but you must be an owner occupier. There is no upper limit on your household income, however, the maximum value of the new home is £600,000.
If your new property is in London then the loan amount from the HCA loan is increased to 40% so you only require a 55% mortgage.

The Help to Buy scheme helps thousands of buyers each year secure their dream home, whether that’s first-time buyers taking the initial step onto the property ladder or a growing family looking for additional space.

Here at Troy, we offer the scheme on specific properties across our developments and are keen to support individuals and families looking for their perfect living space. Keep an eye out on our developments for the Help to Buy logo.

See our Help to Buy developments below. For more information please visit the government Help to Buy website.