Newbuy

What is NewBuy?

NewBuy is a now discontinued scheme that was launched by the Government in March 2012 to help first time buyers and housebuilders alike. The first time buyer needed a 5% deposit, the housebuilder guaranteed 3.5%, putting the cash into a separate account, and the government guaranteed 6.5%.

In theory lenders were meant to look at this mortgage as if it was an 86% LTV mortgage, encouraging the sales of new build houses.

More recent schemes such as Help-to-Buy are available in its place.

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Use the links below and the resulting list of terms on the right to locate the term you are looking for. If you can't locate it, please get in touch.

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