Help to Buy

The Help to Buy: Equity Loan is a government-backed scheme aimed at first-time buyers looking to buy a newly built home. The scheme helps to keep your mortgage payments lower by boosting your deposit. It also delivers other benefits, such as giving you access to a wider range of mortgage products.

If you can offer a deposit of 5% of the home’s total value then you can borrow up to 20% (outside London) or 40% (in London) of your home’s value from the government. This loan is interest-free for the first five years.