Making our homes affordable
Help to Buy
Need Help to Buy your new Urban Splash home?
Help to Buy is currently available in Newcastle, Manchester and Bristol with a deposit of just 5%!
We are delighted to be working with the Homes and Communities Agency (HCA) to offer you the opportunity to buy your very own home through Help to Buy.
The Government has created the Help to Buy scheme to help people like you take steps to buy your own home. Whether you want to get onto the housing ladder or move up it, Help to Buy makes it possible to buy a new-build or existing home priced up to £600,000 with as little as a 5% deposit.
There are a number of different organisations who play a role in the process, so read on to find out who everyone is...
Urban Splash - that’s us! We’re the developer of Smith’s Dock in Newcastle, House in Manchester and Lakeshore in Bristol - now available to buy through Help to Buy: Equity Loan.
0114 303 0375
0333 666 9999
0117 325 0308
Help to Buy NEYH - Help to Buy NEYH is the Help to Buy agent for Help to Buy: Equity Loan at Smith’s Dock, acting on behalf of the government and the HCA. Help to Buy NEYH will assess your eligibility for Help to Buy, and process your application. Apply here for new homes in Newcastle.
0113 825 6888
Help to Buy North West - Help to Buy North West is the Help to Buy agent for Help to Buy: Equity Loan at House, acting on behalf of the government and the HCA. Help to Buy North West will assess your eligibility for Help to Buy, and process your application. Apply here for new homes in Manchester.
email@example.com 0300 790 0570
Help to Buy South - Help to Buy South is the Help to Buy agent for Help to Buy: Equity Loan at Lakeshore, acting on behalf of the government and the HCA. Help to Buy South will assess your eligibility for Help to Buy, and process your application. Apply here for new homes in Bristol.
0800 456 1188
Homes and Communities Agency (HCA) - The Homes and Communities Agency, otherwise known as HCA, is a government body who deliver initiatives like Help to Buy to create thriving communities and affordable homes.
0300 1234 500
Introduction to Help to Buy: Equity loan
With a Help to Buy: Equity Loan, the Government lends you up to 20% of the cost of your new-build home, so you’ll only need a 5% cash deposit and a 75% mortgage to make up the rest.
You won’t be charged loan fees on the 20% loan for the first five years of owning your home.
Here is how Help to Buy could work for you for a House with a £260,000 price tag:
5% deposit - £13,000
- Government loan
20% Government loan - £52,000
75% mortgage - £195,000
- Total purchase price
100% - £260,000
- For more information (including advice on fees and paying back your loan) visit the Help to Buy: Equity Loan page.
If you bought the home in the example above, and later sold it for £275,000, you’d get £220,000 (80%, from your mortgage and the cash deposit) and you’d pay back £55,000 on the loan (20%). You’d need to pay off your mortgage with your share of the money.
Can I buy through Help to Buy?
Equity loans are available to first time buyers as well as homeowners looking to move. The home you want to buy must be newly built with a price tag of up to £600,000.
You won’t be able to sublet this home or enter a part exchange deal on your old home. You must not own any other property at the time you buy your new home with a Help to Buy: Equity Loan. Find out more here.
How to apply
Help to Buy agents will guide you through your purchase, from providing general information about the scheme to dealing with your application.
Help to Buy Agents can guide you through the options available and explain the eligibility and affordability criteria. Help to Buy agents are appointed by the Government’s Homes and Communities Agency (HCA).
Help to Buy agents administer the Help to Buy: Equity Loan scheme. They have the authority to give the go-ahead for you to purchase a home with help from the Equity Loan scheme. The agents make other key decisions during the purchase process.
To apply for a Help to Buy property you should contact house builders (Urban Splash in this case), visit schemes and identify your potential Help to Buy property.
You will then complete a Help to Buy "Property Information Form”.
This is available from the developer or to download or submit here:
You must complete this with details of your proposed purchase, your proposed main mortgage, deposit and including your household income.
You must also reserve the home and you will usually be expected to pay a reservation fee to the house builder.
The signed Property Information Form and a copy of the builder's signed reservation form must be sent to the local Help to Buy agent for your chosen property.
Many of our homes are now available through shared ownership.
Shared ownership is available in Bristol, Leeds, Manchester, Stalybridge and Plymouth.
We want to give everyone the chance to own their very own home. There are many ways to live in our vibrant communities and working together with the Homes and Communities Agency we can now offer you the opportunity to buy your own home through shared ownership. Same funky apartment with everything you would expect from an Urban Splash home… but more affordable if you can't quite manage to buy outright just yet.
Shared ownership is a government backed initiative funded by the Homes and Communities Agency, to help you get your foot on the housing ladder. It allows you to purchase an affordable share in your own home, ranging from 25% - 75%, with the option to buy additional shares in the future taking you into 100% outright ownership.
If you do need time to save up for your deposit, as an alternative to purchasing a share straight away, you may be able rent an apartment at 80% of market rent, allowing you to save now with a view to purchasing at any point within the next five years.
Shared Ownership criteria
The good news is that Shared Ownership is available to a really broad audience, the main criteria being that:
- You/your household has an annual income of less than £60,000 (Let's face it, who doesn't!)
- You are in full time employment
- You currently own no other properties
Through shared ownership, you can buy anything from 25% to 75% of the property, renting the remaining share at 2.75% per annum. The amount you can afford will be assessed by the Help to Buy agent who acts on behalf of the government. .
Where can I buy?
Affordable homes through shared ownership are available at:
Pattern House, Longlands, Stalybridge
Modern city living with stunning countryside views, one and two bedroom apartments in Pattern House all feature balconies, with ground floor apartments benefiting from garden terraces. The communal gardens reach right down to the river bank with beautiful countryside on your doorstep! All apartments have floor to ceiling glazing, allowing natural light throughout the generous space. Show apartments now open.
Lakeshore is Urban Splash's first development in Bristol. The Grade II Listed building sits over its own lake, within 10 acres of landscaped grounds. A fantastic mix of one and two bedroom apartments with extra high ceilings make open living spaces full of natural light and generous balconies with space to breathe. Look out across parkland full of wildlife or step outside for a woodland walk. Design for the city, live in the county.
Saxton is a great place to live. One and two bedroom apartments have bright open plan living spaces offering fantastic views over Leeds. There is tons of outside space too, with six and a half acres of private resident's gardens and allotments so you can grow your own veg! There is even a resident's gym and it's all located just minutes from the city centre.
One and two bedroom apartments with spacious interiors and fantastic views across Manchester or the leafy green Irk Valley. Located just a short walk from the Northern Quarter on the edge of Manchester City Centre.
Mills Bakery, Royal William Yard, Plymouth
Situated on the coastline of Devon, the breathtaking Royal William Yard is a collection of Grade I and II Listed buildings overlooking a new marina, with a number of restaurants, a gallery and a naval visitor centre adding to the value of the Yard as a great destination. One and two bedroom apartments in Mills Bakery are packed with original features and beautiful architecture. A waterfront destination with a difference.
What's a Help to Buy agent?
Help to Buy agents act on behalf of the government and will assess your eligibility for shared ownership and process your application
Help to Buy North West is the Help to Buy agent for shared ownership at Chips, 3Towers and Longlands Apply here for homes in Manchester and Stalybridge