Fact sheet

Help to Buy

Help to Buy equity loans

With a Help to Buy: Equity Loan the Government lends you up to 20% of the cost of your newly built home, so you’ll only need a 5% cash deposit and a 75% mortgage to make up the rest.

You won’t be charged loan fees on the 20% loan for the first five years of owning your home.

Help to Buy equity loans are open to both first-time buyers and home movers on new-build homes worth up to £600,000 (regional limits apply).

London Help to Buy

To reflect property prices in London the Government lends you up to 40% of the cost of a newly built home, so you'll need a 5% deposit and a 65% mortgage to make up the rest.

You won’t be charged loan fees on the 40% loan for the first five years of owning your home.

London Help to Buy equity loans are open to both first-time buyers and home movers on new-build homes worth up to £600,000.

For further information on Help to Buy schemes, including London Help to Buy, please visit www.ownyourhome.gov.uk/scheme/help-to-buy-2021-2023/

For further information on other affordable home ownership schemes such as shared ownership please visit www.ownyourhome.gov.uk

There are different home ownership schemes available in Wales and Scotland .

Contact

Simon Rex

Information Services Manager

Tel: 0207 520 5914 simon.rex@bsa.org.uk