NewBuy is a government scheme aimed at helping homebuyers purchase a newly-built property with just a 5% deposit.

Under the original NewBuy scheme, the housebuilder and the government  put money into an insurance fund which pays the mortgage lender if the buyer defaults on their mortgage, or if there is a shortfall should the property be repossessed and sold.

Help to Buy is an extension of the NewBuy scheme, but operates differently, providing homebuyers who have a 5% deposit with a 20% equity loan to add to their deposit. The loan is interest-free for five years.

For more details, click here.


Finding property biggest bar to new-build homeownership

Locating an appropriate property has become more difficult than saving a deposit for those seeking new-build homes.

EE 4G hits more towns and cities

New Homes Bonus needs to be policed

The allocation of the Government’s New Homes Bonus, worth £1.3bn is not being adequately monitored, according to the National Audit Office.

George Osborne is the UK Chancellor of the Exchequer

Budget 2013: Confusion reigns over Help to Buy second home subsidy

The Government has been forced to deny that its new Help to Buy programme will be used to subsidise the purchase of second homes after accusations from Labour.


Budget 2013: Boost for shared equity mortgages

The Government will spend £3.5bn on shared equity loans over the next three years under the new Help to Buy scheme.


Government plans Budget boost for NewBuy

The government is expected to use the Budget to invest more funds in NewBuy and is exploring the idea of extending the scheme to older homes.


NewBuy helping one in ten homebuyers - Miller Group

NewBuy and the Scottish MI New Home scheme represented nearly one in ten of Miller Group’s property reservations in the second half of 2012, the house builder revealed.


NewBuy booms in last quarter of 2012

Over 1,500 English homebuyers purchased properties under the NewBuy Guarantee scheme between March and December 2012.

Building Blocks

Govt. building schemes 'too inflexible' - report

Government schemes to increase the supply of housing are too inflexible to meet regional needs, a think tank has argued


Halifax receives 1,000 NewBuy applications

Halifax has passed the 1,000 mark for NewBuy applications, seven months after the lender launched its products as part of the scheme.


2,000 sign up for NewBuy scheme

Over 2,000 homes have been reserved using the government’s NewBuy scheme since its launch, according to the Home Builders Federation.


October house prices up 0.6% - Nationwide

UK house prices increased by 0.6% in October, more than offsetting the 0.4% decline recorded the previous month, the Nationwide house price index showed.


Shared equity

Not to be confused with 'shared ownership', with a 'shared equity' scheme the Government provides the borrower with an 'equity loan'.


Shared ownership

Shared ownership schemes allow people to buy a portion of a property from a housing association and to pay rent on the remaining portion.



In addition to FirstBuy, the Government launched a second scheme in March 2012 to kick start the housing market, called NewBuy.


Buying a new-build home

Buying a newly-built home can have distinct advantages – not least when it comes to getting the finance.

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