The help to buy scheme is due to close end of March 2023. Introduced in 2013 to help home buyers purchase brand new properties with only a 5% deposit with a further 20% being loaned to them from the government. The 20% was an equity loan and the amount due to paid back rises and falls if the value of the house changes. Its sister scheme, the help to buy ISA closed to new applicants in 2019 with the 25% bonus still payable as long as a house is purchased using the scheme by 1st December 2030. We are yet to see if the schemes will be replaced but this is definitely something to bear in mind if you are a first time buyer planning to purchase a new home on a 5% deposit!