Residential Property Services
Help to Buy

It can be a real challenge to get onto the property ladder. However there is help on hand with the Help to Buy scheme.

There are two parts to the scheme – the Help to Buy equity loan and the Help to Buy ISA which the Governments tops up by 25% when you come to buy your house.

Initial Telephone Discussion

Our highly experienced solicitors will provide expert advice and assist you. Please call us for an initial no-charge discussion on 01256 460830 or email us at [email protected].

The Help to Buy Loan

This scheme is only available on new-build properties that have a purchase price of up to £600,000. It is available to both first time buyers and existing home owners, but the property you buy must be your only residence and is not available to buy to let investors.

You only need a 5% deposit and the government will lend you up to 20%. You will need to apply for a mortgage from a commercial lender for the remaining 75%.

For the first five years you will pay no interest, but after that it will cost 1.75% of the outstanding balance each following year.

Help to Buy ISA

A Help to Buy Individual Savings Account (ISA) is a high-interest savings account available for people buying their first property and is available at most high street banks and building societies.

You can earn up to 2.53% interest tax-free and then the Government will add 25% free cash on top of what you save providing you and the property you purchase meet the qualifying criteria

You will need to make an initial deposit of £1,000. After that you can deposit a maximum of £200 a month.

The ISA can be used for a property with a full market value of up to £250,000 or up to £450,000 in London.

Zoë is a Solicitor experienced in advising Help to Buy clients and completing first-time property and shared ownership transactions.

At Phillips our charges are transparent and we quote for all fees and disbursements up front, meaning that you will understand the full extent of your conveyancing charges from the very start.

How to get in contact

Our Residential Property Solicitors are on hand to provide expert advice and assist you wherever you are based. Please call us for a no-obligation, initial discussion on 01256 460830 or email [email protected].

Our offices are based in Basingstoke and we assist clients across the country.

Have more questions?
Our expert solicitors are here to take the worry off your hands.
Please call us or email and we’ll get back to you as soon as possible.
We understand that seeing a solicitor for conveyancing matters can be daunting. Our friendly, expert team are here for you.
What to expect
Clear, straightforward advice

We aim to keep legal jargon to a minimum and guide you through the process in a manner that is easy to understand.

Highly qualified

Our highly-skilled solicitors offer tailored, strategic solutions to even the most complex matters, ensuring you receive the guidance and support you need.

Progression of your case

We will be by your side throughout every stage of the process and will provide you with regular updates and advice along the way.

No surprises

We communicate thoroughly with you from the outset to ensure that we fully understand your individual needs. This allows us to accurately quote for your matter leaving you without any unexpected surprises and fees further down the line.

Transparent pricing

We provide our clients with a concise and transparent breakdown of costs from the outset of the matter and throughout any subsequent stages. This enables you to build faith and trust in us early on to form a lasting relationship.

Contact our team
Please use the form below, or meet the team here

    Use it or lose it – making use of your annual allowance
    Use it or lose it – making use of your annual allowance

    The Annual Allowance With the end of the current tax year fast approaching, anyone wishing to use their 2023/24 (and potentially their 2022/2023) annual allowance in relation to gifts o ...

    Phillips Law urges people to get writing a Will off their to-do list.
    Phillips Law urges people to get writing a Will off their to-do list.

    This week (4 – 8 March) is Update your Will Week Phillips Law is encouraging people to consider the risks of not having a Will following new research revealing nearly half of UK adults ...


    Phillips Law is delighted to have advised Mactaggart Family & Partners and Longstock Capital Limited on a multi-million-pound agreement for lease with The AA to move their headquart ...

    Deliveroo worker status judgment: implications for employers
    Deliveroo worker status judgment: implications for employers

    In our January update we reported on the Supreme Court decision in the long running dispute between Deliveroo and the unions representing many of its riders. You can read the full Judgm ...

    New right to unpaid leave for carers
    New right to unpaid leave for carers

    From 6 April 2024 carers will have a day one right to request one week’s unpaid carer’s leave per year. Draft regulations for the Carer’s Leave Act 2023 provide the detail on this new r ...

    Employment Update – January 2024
    Employment Update – January 2024

    Welcome to the new year! As we embark on 2024, it’s crucial to stay informed about the latest developments in employment law. Here’s a snapshot of key updates and changes th ...