Help to Buy Midlands

The Midlands has plenty of cultural significance in the UK and is made up of sprawling cities, towns, villages and scenic countryside.

Nottingham and Birmingham are major cities, while smaller areas like Chesterfield and the county of Derbyshire also make up the region.

There are areas of outstanding natural beauty to discover in the Midlands, with open spaces like the Peak District National Park offering scenic trails and lush rolling greens to admire.

The Midlands has plenty of eatery options, whether you’re looking for an upmarket restaurant in a city or a quiet country pub. You can find a mixture of authentic international cuisine, traditional restaurants and country pubs in a variety of areas, from big cities like Nottingham to towns such as Worksop and Chesterfield.

You won’t be short of nightlife options in the Midlands. Birmingham is the second-largest city in the UK and has plenty of renowned nightclubs, while Nottingham and Derby also have their fair share of venues. Head to towns like Mansfield for local bars and pubs.

There’s plenty of the countryside to discover in the Midlands, but the Peak District National Park is the one that stands out. Go for hikes, walk your dog and take part in activities in one of the most popular open spaces in the UK.

Help to Buy: Equity Loan is a Government-backed scheme enabling first-time buyers to get the keys to a new-build home. You only need a deposit of 5%, with the government providing an equity loan of up to 20% of the purchase price. The remaining 75% is covered by a mortgage. Subject to eligibility, terms and conditions. 

You must buy your home from a homebuilder registered for Help to Buy: Equity Loan. After selecting the plot of your choice, you’ll pay a £200 reservation fee at which point you will receive free mortgage advice. A specialist will then help you through your application. 

You only need a 5% minimum deposit to buy your home in the Midlands with the Help to Buy: Equity Loan. The Government then provides an equity loan of up to 20%.

You don’t pay interest on a Help to Buy: Equity Loan for the first five years. You start to pay interest in year six, on the equity loan amount you borrowed. You can repay all or part of your equity loan at any time – a part-payment must be at least 10% of your home’s worth at the time of repayment.