Help to Buy South has helped hundreds of people to purchase or rent their new home.  Here are just a few of the success stories:

"Help to Buy has been a godsend for me"

Human Resources Manager, Charlotte Coles, was looking for a new home to settle in with her three young sons when she came across the Help to Buy Equity Loan scheme.

Charlotte visited the marketing site at Taylor Wimpey's Salisbury development, The Willows, and was able to reserve a three bedroom terraced property off-plan and was even able choose the kitchen design herself.

"I was pleased with the storage space. I moved from a larger house to a smaller property, but having a new build meant I could get a fully integrated kitchen and carpets before I moved in which were included in the price. This was a great help to me due to my situation and meant I didn't have additional expense on home improvements after I moved in."

Charlotte had recently divorced and found the Equity Loan scheme has helped her secure a home in the area she wanted to live in without any worry. She explains, "I applied for the scheme in order to be able to afford a place of my own as getting a larger mortgage would be difficult having changed from married to single status. The scheme enabled me to buy I house I wanted in an area I wanted at a price I could afford on my own".

The Help to Buy Equity Loan scheme enables purchasers to buy a new build property with a 5% deposit and borrow up to 20% of the value of the home from the Government as an interest-free loan*. You will need to be able to raise a 75% mortgage to cover the remaining cost of the home.

Buying her home using the Help to Buy Equity Loan scheme meant Charlotte only had to raise a mortgage of £165,000 on top of her 5% deposit to purchase a £220,000 property.

"Without the Help to Buy scheme I would not have been able to give my children a home in a good location suitable for my work and their school. I would likely have rented at a higher cost and with no long term security. It has been a godsend for me" continues Charlotte.

"I would definitely recommend the Help to Buy Equity Loan scheme because it makes a new home affordable even in difficult circumstances. Even when times are difficult the scheme has enabled me to buy a new home at an affordable price. "

*The equity loan is interest free for the first five years, but in the 6th year of ownership, a fee of 1.75% of the equity loan based on the market value at the time you purchased is payable monthly, rising annually by the increase (if any) in the Retail Price Index (RPI) plus 1%. This is applicable if you have not paid back your equity loan by the end of year 5. An illustration will be given to you at the time of purchase.