Help to Buy – How to Apply


The scheme lends buyers up to 20% in England and up to 40% in London of the cost of a newly built home, interest free for the first five years. Help to Buy is therefore an accessible way to get on the property ladder as you’ll only need a 5% cash deposit and between 55-75% mortgage for the rest of the value.


You can find out more about the Help to Buy scheme, including eligibility, repayment terms and what happens when you sell your home, here.


How do you apply for Help to Buy?


To apply for an equity loan you will need to purchase a property through a house builder, such as Southern Space, who is registered with the Help to Buy scheme.


Once you’ve reserved a property, you can apply for the scheme online. As a first step you will be asked to take an ‘Affordability check’. Once you have passed this, you will then be given an ‘Authority to proceed’ within four working days.


As soon as you receive your ‘Authority to proceed’, you can apply for your mortgage. Once you have your mortgage, you will need to employ a solicitor to ensure that all your legal requirements are fulfilled. You can then agree a date to collect the keys and move in. 


If all of this sounds complex, don’t worry; our friendly sales team are on hand at every step of the process to ensure that things go smoothly. You can contact them today on


Are you looking for a stylish and modern home in London? 

Our brand-new Southern Space development, Dalmeny Avenue, is perfectly located in the Borough of Islington. Featuring a collection of one, two and three bedroom apartments, all of which are available to purchase on a Help to Buy basis, Dalmeny Avenue is urban living at its best.


To receive exclusive email updates about this development, including floorplans, images, open day details, launch dates and prices, register your details with us now at our dedicated Dalmeny Avenue website.