The Government scheme Help to Buy is changing as of April 2021.

To use the current scheme, you will need to:

  • Reserve a home by Wednesday 16th December 2020

  • Purchase a home which is built by 28th February 2021

  • Legally complete on your home by 31st March 2021


With only a 5% deposit needed - Help to Buy gives you the opportunity to start looking for your dream home today.

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What is Help to Buy?

The Help to Buy equity loan is a scheme backed by HM Government. It is exclusively available on new build properties up to £600,000 in the UK.

  • It is available to both first-time buyers and existing homeowners

  • You’ll only need a minimum deposit of 5% to purchase your dream home

  • The government will lend you up to 20% of the value of the new home through an equity loan which can be repaid at any time during the loan term or on the sale of your home

  • The loan is interest-free for the first 5 years of owning your home

  • You’ll only need to secure up to a 75% mortgage

  • There is a range of competitive mortgage rates available

  • You will own 100% of your home

How Does It Work?

You'll need to have at least a 5% deposit to be eligible for an equity loan.

An equity loan worth up to 20% of the property's value can then be taken out. In effect, the equity loan 'tops up' your deposit – the aim being to give you access to cheaper mortgage rates. 


In short, this is how the numbers work:

  • You put up at least a 5% deposit.

  • You borrow up to 20% of the value of the property you intend to buy (this is the equity loan).

  • You apply for a mortgage to cover the remaining cost.

Here's an example.

Let's say you want to buy a new-build home worth £200,000... Using the equity loan scheme you could put down a 5% deposit (£10,000) and take out an equity loan worth 20% (£40,000), so you'd only need to apply for a 75% mortgage (£150,000).

For more information (including advice on fees and paying back your loan)
please see the official Help to Buy Buyers’ Guide.