Help to Buy in Durham

The Help to Buy Scheme has now closed to new applications. Builders may be offering shared equity and other promotions, but these are not backed by the Government, as Help to Buy was.

For first-time buyers, the biggest hurdle to buying a house is often the deposit needed. That’s why the government has introduced the Help to Buy scheme, designed to help more people achieve their dream of owning their own property.

Help to Buy allows you to take out an equity loan from the government, of 15% of the property value. That means you need to save a deposit of just 5%, and in total, you’ll only need an 80% mortgage on your home.

Here are a selection of the current range of Help to Buy houses available in and around Durham. Take a look to find out more about each area.
 

Central Durham

Central Durham is a highly sought-after area. With a historic city centre, including the UNESCO World Heritage sites of the cathedral and castle, it’s certainly a picturesque place to buy a house. Living in central Durham means you’re close to everything the city centre has to offer, including great transport links to the rest of Country Durham, and nearby cities like Newcastle and Sunderland.

Help to buy properties available: None available currently
 

North East Durham

The area to the north-east of Durham extends to County Durham’s border to the north with Northumberland, and Tyne and Wear to the north-east. With the Pennines on its doorstep, this region is an ideal location to buy a house if you love getting outdoors and exploring nature.

Help to buy properties available: Bramble Rise, Heritage Green
 

North West Durham

North-west of Durham, there are many former mining towns and villages which are now close-knit communities, perfect for commuters to the city. The region includes Consett which, at 900ft above sea level, is one of the highest towns in the UK.

Help to buy properties available: Barley Gate, Lambton Park
 

South East Durham

The countryside in County Durham is some of the most unspoiled in the United Kingdom, and the area south-east of Durham provides the perfect base from which to explore its rolling hills and green spaces. There are many quaint market towns in this area, which provide the perfect balance of city and country living.

Help to buy properties available: None available currently
 

South West Durham

The towns and villages to the south-west of Durham city provide easy access to the Durham Heritage Coast, an area of outstanding natural beauty. Popular towns in this region include Peterlee, Wingate and Sedgefield.

Help to buy properties available: Aykley Woods, Monkswood