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Evening Standard
Evening Standard
Charlotte Duck

Help To Buy alternative: 15% interest-free boost offered to first-time buyers with 5% deposit

Help to Buy Persimmon London Persimmon Homes
[object Object] - (Matt Writtle)

Since the government’s Help to Buy equity loan scheme ended in March 2023, first time buyers with small deposits have discovered their options considerably reduced, with those in London particularly affected. Recent data from Halifax found that London was the only region in the UK where first time buyers fell (down eight per cent) between 2014 and 2024.

But now, the private sector is looking for ways to support those with a small deposit, with a Help to Buy alternative, launched by mortgage lender Gen H, in partnership with housebuilder Persimmon.

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