Help to Buy

What is Help To Buy?

amplify apartments buildings

What is Help To Buy?

Help To Buy is an excellent initiative designed to help first-time buyers get on the property ladder and become a homeowner. With Help To Buy, you can buy your first home with just a 5% deposit and a government-backed loan of 20%, which is interest-free for five years.

Help to buy is only available on selected 1 bedroom homes at Amplify Apartments, enquire today to find out more.

How does Help to Buy work?

How does Help to Buy work?

With a Help to Buy loan, first-time buyers can own a home with just a 5% deposit.
As part of the scheme, the government will lend you up to 20% of the cost of your home, so you’ll only have to pay a 75% mortgage on the rest.
To make sure the scheme is accessible to those who will benefit most, there are regional price caps. In the North West this is capped at £224,400.

EXAMPLE: Purchasing a property valued at £172,000

(1)YOUR deposit

5% deposit as your contribution: £8,600

(2)THE GOVERNMENT LOAN

The government will top-up your deposit by 20%: £34,400

(3) YOUR MORTGAGE

You will then pay a mortgage on the remaining 75%: £129,000

Am I Eligible?

To qualify for the government bonus, you must fit into the following criteria:

  • You must be a first-time buyer 
  • Your home must be in the relevant regional price cap
  • You or anyone you’re buying a home with must not own a home or any residential land
  • The home must be where you intend to live and be used as your main property
  • You have not had any form of sharia mortgage finance previously

Own your piece of Salford Quays contact us on or make an enquiry about reserving your new home today.