NewBuy scheme

NewBuy lets you buy a newly built home with a deposit of only 5% of the purchase price.

Eligibility

To be eligible for NewBuy, your new home must be:

• a new build – being sold for the first time or for the first time in its current form (eg a new flat that used to be part of a house)
• priced £500,000 or less
• your main home (you can’t use NewBuy to buy a second home or a buy-to-let property)
• owned fully by you (you can’t use NewBuy for shared ownership or shared equity purchases)
• built by a builder taking part in the scheme

To be eligible you must be either:

• a UK citizen
• someone with the right to remain indefinitely in the UK

You don’t have to be a first-time buyer and there’s no limit on your level of income. But you can’t use NewBuy with any other publicly funded mortgage scheme.

Please call our mobile friendly number on 033 33 22 1000 or 0800 9878156 or send us a message for further information.

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