If you’ve always dreamt of owning your own home, you could find that taking those first steps onto the property ladder are more affordable than you think, with a Help to Buy scheme.
New figures compiled by Strata Homes show that buying a home is often cheaper than renting, especially with the government’s Help to Buy scheme.*
Using data from Zoopla, we’ve compared the price of renting a two-bedroom home against buying a 2-bedroom new build home, both with and without a Help to Buy equity loan. This is where you only need a 5% deposit for your new home, which the government will boost by a further 20%. You’ll only need a mortgage on 75% of the property price, making it an affordable alternative to renting.