Help to Buy Scheme

Cheshire East Borough Council is committed to helping people access the affordable housing they need. If you want to own a property but are unable to afford the deposit or on-going mortgage costs, the Government’s Help to Buy scheme can help. This scheme is not administered by Cheshire East Council, though the Council is keen to raise awareness of the opportunities it entails.

What is Help to Buy

Help to buy scheme Cheshire East

Help to Buy - Equity Loan
This is the latest home ownership scheme aimed at helping people buy a home. It offers prospective buyers a 20% equity loan, funded by the Homes and Communities Agency (HCA). Buyers need only come up with a 5% deposit.
For more information on affordable homes in Cheshire East, please contact Help to Buy North West on 0300 790 0570 or visit the website

Full details of the scheme can be found on or on the Help to Buy website.

Help to Buy Options

There are a number of Help to Buy products available:

  • Equity Loans: The Government will offer an equity loan on selected new-build homes worth up to £600,000. The Government will loan up to 20% of the cost of a new-build home, so borrowers only need a 5% deposit and a 75% mortgage to make up the rest. There are no repayments required on the equity loan for five years; in the 6th year, borrowers will be charged a fee of 1.75% of the loan’s value. After this, the fee will increase every year.
  • Shared Ownership Schemes: Shared ownership schemes are provided through housing associations. Individuals buy a share of their home (between 25% and 75% of the home’s value) and pay rent on the remaining share. You can only qualify for this product if you meet certain criteria: for instance, if your household earns less than £60,000 per year or if you live in a housing association property.
  • NewBuy: NewBuy allows individuals to buy a new-build home with only a 5% deposit. You must meet eligibility criteria to qualify – as must your new home, which must be a new-build priced at under £500,000. 
  • Mortgage Guarantee: Announced in October 2013, this new portion of the scheme – sometimes known as ‘Help to Buy Part II’ – allows mortgage lenders to buy a guarantee from the Government for mortgages where the borrower only has a deposit between 5-20%. This enables them to lend to those with smaller deposits. As with the other products, applicants must pass financial eligibility checks and the chosen property must meet certain conditions: it must be a specially demarcated property worth under £600,000.

Find out more about Help to Buy

Follow the links on this page to learn more about the scheme. To find out more about your Help to Buy options in Cheshire specifically, you can visit which provides comprehensive information about Help to Buy and offers the facility to apply online.