Under Help to Buy, you are required to have a minimum deposit of 2% - plus associated purchase costs - and to contribute as much as you can reasonably afford toward the purchase of your home. Applicants are encouraged to retain an amount of savings to cover unexpected expenses, emergencies, or future property-related costs including for repairs or necessary home improvements.
If you are building a new home, we strongly encourage that you retain some savings as a buffer for any cost overruns that may occur during the build.
We will work with you to understand your personal circumstances and help determine the appropriate contribution toward your purchase.
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