Help to Buy is a Government affordable home scheme which allows you to buy a new build home with either an equity loan option which lends you 20% (40% in London) interest free for the first five years. This loan helps make buying your first home more affordable. You will need to have a minimum 5% deposit of your own. If you are looking to save a larger deposit towards a property, you could look to open a Help to Buy ISA with many financial institutions. This scheme means you can get a 25% contribution from the government for every £200 you save, up to a maximum bonus of £3,000 per person. The bonus can be used towards your purchase upon completion but cannot be used towards your exchange deposit so you must ensure you have 5% saved for exchange.