Help to Buy: Equity Loan

With a Help to Buy: Equity Loan* the Government can lend first time buyers 20% of the cost of a newly built home, 40% if you’re buying in London, so you can buy with as little as a 5% deposit.

Take a look at the breakdowns below to see how you can fund your new home purchase with Help to Buy.

Help to Buy FAQ

How does it work?

The Help to Buy: Equity Loan allows first-time buyers to purchase a new home with a deposit of just 5% of the purchase price. You then receive a loan of up to 20% (40% in London) of the full purchase price from the Government, this means you only need to secure a mortgage on the remaining 75% (55% in London). The loan is interest-free for the first five years but you must buy your home from a homebuilder registered for Help to Buy: Equity Loan.

Am I eligible?

If you are a first-time buyer looking to move to a new build property, you may be eligible to apply for a Help to Buy: Equity Loan. You could borrow up to £600,000, the amount you can borrow depends on where in England you buy your new home.

Click here to view the maximum property prices that are eligible for the Help to Buy: Equity Loan in your area. These price caps apply from April 2021 to March 2023.

Will I need to pay a deposit?

You will only need a 5% cash deposit for a Help to Buy: Equity Loan.

When is Help to Buy ending?

On the 31st of October 2022, the Help to Buy scheme will close to new applications. Find out more.

*Help to Buy: Equity Loan – Terms and conditions apply. Please contact us for further details. More information can be found on Subject to eligibility, terms and conditions.