Ways to buy

The Help to Buy: Equity Loan scheme has changed

Help to Buy: Equity Loan in England changed on 15th December 2020. If you've reserved  a new home with the old Help to Buy scheme, here's everything you need to know. 

How does your Help to Buy scheme work?

Help to Buy: Equity Loan is a Government run scheme that allows you to buy a new home with a 5% deposit and up to 20% interest free equity loan. With Help to Buy, you could need a smaller mortgage, making it easier to buy a new home.

Up until the 15th December 2020, Help to Buy was available to both first time buyer and existing home owners on homes worth up to £600,000. Homes sold under this version of Help to Buy must be fully built by the end of 2020 and should be legally completed by the end of March 2021 - although there are a few exceptions due to the delays caused by the Covid-19 pandemic.

Buying a home with the old Help to Buy scheme?

If you're already buying a home with the old Help to Buy scheme, your Sales Executive is will guide you through the process. They can help you with the paperwork and liaise with the HomeBuy Agent with you to ensure everything goes through smoothly. 
Man with sales executive