The Help to Buy scheme is designed to do just that, help hard-working people like you take steps to buy your own home. Whether you want to get onto the housing ladder or move up it, Help to Buy Equity Loan makes it possible to buy a new-build home priced up to £600,000 with as little as a 5% deposit.

With the Help to Buy Equity Loan scheme the Government lends you up to 20% of the cost of a new-build home, so you’ll only need a minimum 5% cash deposit and a 75% mortgage to make up the rest. This equity loan is funded by Homes England.

You won’t be charged interest on the 20% loan for the first five years of owning your home. After five years the equity loan will be subject to a fee of 1.75% per annum on the outstanding amount. This fee will increase each year by Retail Price Index (RPI) plus 1%. We always recommend that you seek financial advice to determine how much your monthly payments will be at this point.