Frequently asked questions
Find answers to some of our most frequently asked questions about Help to Buy, or download our Help to Buy Buyers’ Guide.
The Help to Buy scheme varies slightly in England and Wales so take a look at the relevant Help to Buy pages for your area. Although the terms differ, the idea is the same. First time buyers can borrow a significant percentage of the value of their new build home, from the Government, reducing both their deposit and their mortgage repayments.
Here's how the Help to Buy Scheme works:
- You put down a 5% deposit
- The Government will lend you up to 20% of the value of your property through an equity loan (this increases to 40% in Greater London)
- You only need to secure a mortgage from a bank or building society for the outstanding amount
- The equity loan can be repaid at any time or on the sale of your home
- The scheme is only available on new build homes and up to a maximum value (depending on your area)
Take a look at the Help to Buy Buyers’ Guide for full details
Eligible applicants will be offered an equity loan of up to a maximum of 20% of the purchase price, based on the open market value (this increases to 40% for homes in London). Applicants are required to fund at least 80% of the purchase price (60% in London) by means of a conventional mortgage, savings and any deposit where required. For the first five years there is no fee charged on the equity loan component. At the start of year six a fee of 1.75% is payable on the equity loan, which rises annually by RPI inflation plus 1%. The equity loan is provided by the HCA and held as a second charge. Terms and conditions apply and full details will be provided on request. This offer is subject to status and only available on selected developments and properties in England only. It is not offered with any other promotion.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
The fee payment is not made for the first five years. After this date a monthly fee will be payable.
Your solicitor/conveyancer will be able to provide more illustrations when they advise you. Take a look at the Help to Buy Buyers’ Guide for more information.

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Terms and conditions apply. Please visit taylorwimpey.co.uk/terms for full details.
