Figures published last month reveal that over 52,000 new build homes were purchased last year using the Help to Buy Equity Loan Scheme – an average of around 1,000 per week.

With 81% of these homes being sold to first time buyers, and one in seven first time buyers using the scheme, more and more people are finding themselves using Help to Buy to take their first steps on the property ladder.

All the terminology can seem confusing so we’ve put together a list of the ten most frequently asked questions we’ve come across.

Kevin, who has lived in Plymouth for over 20 years, added: “We’ve had a wonderful experience and Linden Homes took us through the whole part exchange process step-by-step. The recommended solicitors, Bright Solicitors, were also fantastic, especially working to such a tight timescale so close to Christmas.

“I just can’t believe that we bought a new home and sold ours – all within two weeks!”