Help to buy scheme

The government funded Help to Buy Equity Loan is available to first-time buyers and existing homeowners.

What is the Help to Buy Equity Loan?

With a Help to Buy Equity Loan, you are able to purchase a home with just a 5% deposit. Available to both first-time buyers and existing homeowners, the government lends you up to 20% of the cost of your home, so all you will need is the 5% cash deposit and a 75% mortgage. For example, if you were to purchase a house with a value of £200,000 the 20% Help to Buy Equity Loan handed to you would equal £40,000.

Who is eligible?

The Help to Buy Scheme enables new build homes to be made available to all home buyers – not just first-time buyers – who would like to buy a new home but might not be in a position to do so. The scheme is not available to those who own another property and cannot assist buy-to-let investors.