Help to Buy

What is Help to Buy?

Help to Buy equity loan scheme means you can move with just a 5% deposit and is available for both first time buyers and existing home owners.

  • The Government provides an equity loan of up to 20% of the value of your property which is interest free for 5 years
  • The Help to Buy equity loan can be repaid at any time or on the sale of your home
  • You then need to secure up to a 75% mortgage (there is a range of competitive mortgage rates available with this scheme, so you can find something to suit your budget)
  • Available exclusively on new build homes up to £600,000 in England, £300,000 in Wales and £200,000 in Scotland

Am I eligible?

  • The scheme is open to both first time buyers and existing home owners**.
  • There is no maximum household income.
  • You can purchase a property with a maximum value of £600,000.
  • You will need a minimum 5% deposit to qualify.
  • The maximum age is 75 years of age - as this impacts the mortgage.

**Home owners can reserve a new build property as long as their existing property has sold before completing on the new property.

For further information on the HTB Equity Loan Scheme, then please visit the Help to buy East and Southeast website.

Progress Agency