Affordable home ownership schemes
Find out how you could get help to buy your first home or move home, and what you’ll need to apply for a Nationwide mortgage using these schemes.
Schemes are slightly different depending on where you live in the country. This page deals with the schemes in England.
Help to Buy
Help to Buy is a Government scheme that helps people buy their first home. You must:
- be a first time buyer
- have at least a 5% deposit
- buy a new build home, not a pre-owned property
- purchase a property from a registered Help to Buy builder.
With shared ownership, you own part of the home, and a housing association owns the other part. You:
- buy a share of a home (between 25% to 75% of the home's value)
- pay rent to the housing association on the remaining share
- can use this type of scheme to buy new build or pre-owned properties.
Right to Buy
This scheme helps eligible tenants in England buy their council or housing association properties. You need to be a council tenant or a housing association tenant. Rules on who can purchase their home are slightly different throughout the country.
Forces Help to Buy
If you’re in the Royal Navy, Royal Marines, Royal Air Force or Army, the Forces Help to Buy scheme could help you buy your first home or move to another property on assignment.
The scheme allows eligible Armed Forces personnel to borrow up to 50% of their salary (up to £25,000) interest free, to use towards a deposit.Find out more about Forces Help to Buy (opens in a new window)
Attend our first time buyer event
On Tuesday 1 February 2022, we're hosting a free online event for first time buyers. We'll talk you through the home-buying process - from looking at properties to applying for a mortgage. And you can ask any questions you may have.
Apply for a mortgage using one of these schemes
Mortgages are subject to underwriting and criteria. Minimum age 18, UK residents only.