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Contractor Help to Buy Mortgage: The Guide

Looking to get your foot on the property ladder? Help to Buy can facilitate that goal 

Though your income may differ from a typical employed first-time buyer, you shouldn’t rule out Help to Buy.  

Help to Buy schemes were set up by the Government and are designed to help potential buyers who are struggling to get an initial deposit together for their first home. With the help of these schemes, first-time buyers (including independent professionals) can buy newly built properties from approved Developers with a 5% deposit.  

Contractor Help to Buy Mortgage

CMME have put together a complete guide to Contractor Help to Buy, so you can find all the answers you need in one place. 

What’s in the Guide?  

  • Help to Buy options available 
  • Help to Buy was set up by the government and has taken various forms since its inception; CMME will discuss these here.  
  • Other financing options 
  • There’s no right way to get your first home – you have several options however and CMME will talk through these in this section.  
  • Are there any restrictions? 
  • As with any government scheme there are a few things you should be aware of when it comes to Help to Buy. 
  • Get professional advice 
  • Advice from the experts is instrumental to any mortgage decision. 

Help to Buy Summarised 

Contractor Help to Buy Mortgage

From the Government website:  

Help to Buy: Equity Loan (2021-2023)  

  • Deposit required: At least 5% of the price of the home.  
  • Ownership: Full ownership. Government has an equity share up of to 20% (up to 40% in London), until you repay the equity loan.  
  • Headline benefits: Enables people to buy a new-build property with a small deposit.  
  • Headline requirements: Homebuyers must contribute 80% of the home’s price, for example, with a minimum 5% deposit and up to 75% mortgage. In London, homebuyers must contribute at least 60% of the home’s price.  

Are There any Restrictions? 

The Help to Buy schemes were not set up for people to buy second homes with, or to purchase properties that you intend to rent out (i.e. Buy to Let). They also cannot be used for anyone who is already using or going to be using another home buying scheme.  

Next steps

To get more information or to speak to our expert team contact us on 01489 555 080 or email us at enquiries@cmme.co.uk 

To download your own version of this guide with even more information and tips please enter your email below.










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    We'll always treat your personal details with utmost care, and will never sell them to other companies.

    We'd like to send you updates about products and services, promotions, exclusive offers, news and events from CMME by email, SMS, phone and other electronic means. You can unsubscribe at any time by contacting us through email, telephone or post.