You can now reserve your home using the new Help to Buy: Equity Loan scheme!
With Help to Buy, first time buyers in England can buy a new home with only 5% deposit and an interest free* Government backed loan of up to 20% of the cost of a new build home and you only need a mortgage of 75%. Subject to eligibility, terms and conditions.
Watch the video to discover more about the scheme.Try our Help to Buy calculator
Here's how the scheme works
Help to Buy calculator
Enter where you'd like to live, followed by your deposit amount to find out how the Help to Buy scheme could work for you.
Buying with Help to Buy in 5 easy steps
You'll need a 5% deposit to buy a home with Help to Buy: Equity Loan. This is less than you'd typically need to get a mortgage without Help to Buy so you might be able to buy sooner than you thought. Our Help to Buy calculator will help you find out how much you'll need.Find out how much deposit you need
Search for your dream home on our website. Book an appointment to speak to a Sales Executive at the development of your choice to discuss more about your requirements and find the perfect home for you.Search now
Our Sales Executive will put you in touch with an independent mortgage broker, who can help you find an 75% mortgage (55% in London) with Help to Buy and finalise how much you'll need for a deposit. To get an idea of these figures now, why not take a look at our Help to Buy calculator?Help to Buy calculator
Don't worry - our team will be on hand to help you to find your new home and to guide you through your Help to Buy application, including completing a Property Information Form.
Your Sales Executive will make sure the process of buying a new home with Help to Buy goes smoothly every step of the way, right up to the day you move in.Learn more about applying for Help to Buy
Help to Buy has made the dream of home ownership a reality for thousands of people across England. Find out how Help to Buy made buying their first home a reality for one couple.
*The Government backed equity loan of up to 20% (in England) and up to 40% (in London) of the property’s value is interest free for the first 5 years.
Help to Buy: Equity Loan (2021-23), England. First-time homebuyers who meet affordability and lending terms can borrow an equity loan of up to 20% (40% in London) of the sale price of a new build home. How much you can spend on your home will depend on which region it is in. North East £186,100; North West 224,400; Yorkshire and the Humber £228,100; East Midlands £261,900; West Midlands £255,600; East of England £407,400; London £600,000; South East £437,600; South West £349,000. You must fund at least 80% (60% in London) of the sale price with a mortgage and at least a 5% deposit.
Pay no interest on the loan for the first 5 years. Interest fees start at 1.75% and rise each year in April by the Consumer Prices Index (CPI) plus 2%. You pay a monthly management fee of £1 for the life of the loan. Homes England, the lender, secures the equity loan as a second charge on your Help to Buy home. You must repay the equity loan when you sell the home or pay off your mortgage. You can repay all or part (10% to 30%) of the loan any time before then. An independent financial adviser and a solicitor may be able to help you decide if Help to Buy is right for you.
Terms and conditions apply. This scheme is subject to status and is only available on selected developments and properties in England. Your home may be repossessed if you do not keep up repayments on your mortgage, equity loan or other loans secured against it.