Help To Buy

What is London Help to Buy?

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

  • The Government provides an equity loan of up to 40% 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
  • Just a 5% deposit required
  • You only need a 55% mortgage
  • 40% Government equity loan – interest free for the first five years
  • Available on new build homes up to £600,000

You can see more about Help to Buy here

As of April 2021, the Government has announced a new Help To Buy scheme which is proposed to run until March 2021, to include the following:

  • It will be restricted to first time buyers only
  • Include regional property price caps, although will remain at £600,000 in London
  • You can borrow an equity loan of up to 20% (40% within London), of the sale price of the new build home
  • You pay a monthly management fee of £1 a month, for the lifetime of the loan