Myths around help to buy

New houses
New houses

It’s been a year since the government’s Help to Buy scheme was launched, and to mark the scheme’s first birthday David Wilson Homes is hoping to clear up some of the myths and misconceptions.

With the Help to Buy scheme new homebuyers can purchase a quality David Wilson home up to the value of £600,000, with just a five per cent deposit, a 75 per cent mortgage and a government funded equity loan of 20 per cent.

One common misconception is that Help to Buy is only for first time buyers, but the fact is, anyone could be eligible to buy a new home using Help to Buy - even if they are moving up the property ladder and selling their current home.

Also, Help to Buy can be used to purchase larger homes than many buyers might think, with properties worth up to £600,000 eligible for the scheme.

There is also no income cap on Help to Buy, unlike previous government housing initiatives, so how much you earn has no effect on your eligibility to use it. And, because it is not a shared equity scheme, the property you buy will be 100% yours.

Despite being a government initiative, the scheme has less red tape than buyers may realise, and David Wilson Homes’ experienced, friendly Sales Advisers are there to guide you through it step by step.

Finally, there is a preconception that Help to Buy is not widely used, but in fact more than 15,000 homes bought in England in the last year were done so using the scheme – and with the government extending it until 2020, its popularity looks set to continue.

Jackie Day, Sales Director at David Wilson Homes South Midlands said; “We’ve noticed an upward trend in the amount of people purchasing new homes using Help to Buy and we hope these myth busters will encourage more buyers to investigate the scheme.”

David Wilson Homes currently have a number of prestigious developments in Bedfordshire, including Bedford Meadows and Woodlands in Kempston, The Fairways in Great Denham and Marston Park in Marston Moretaine.

A well-established homebuilder, David Wilson Homes prides itself on creating exceptional homes in the finest locations and recently achieved the maximum five star rating in a customer satisfaction survey ran by the Home Builders Federation.

For more information about David Wilson Homes in your area, or to register your interest, please contact 0844 811 4477 or log onto the website at