Help to Buy: Equity Loan


Help to Buy scheme is available exclusively for first-time buyers on New Build homes only.

Help to Buy is available to First Time Buyers wanting to purchase a New Build home within the following regional price caps. 

The price caps are as follows:
North East - £186,100
North West - £224,400
Yorkshire and The Humber - £228,100
East Midlands - £261,900
West Midlands - £255,600
East of England - £407,400
London - £600,000
South East - £437,600
South West - £349,000

The caps were set at 1.5 times the average regional first time buyer price as forecast in 2018. 

Use our Help to Buy Calculator to see how the scheme could work for you 

See full details of the Help To Buy scheme : Own Your Home and Homebuyers' guide to the Help to Buy: Equity Loan


How does the scheme work?

Under the scheme, if you are a first time buyer you’ll only need a 5% deposit to purchase a new build home. The government will lend you up to 20% of the value of the property, so you can access mortgages up to 75% of loan to value.

The loan is available on Freehold new build properties in England*, as long as they’re not being bought as buy-to-let. Regional price caps are in place which impact the value of homes eligible for Help to Buy depending on where you're purchasing - please refer to the above details. 

The loan can be repaid at any time and is interest-free for the first five years. After that, it will be charged at 1.75% of the equity loan, rising annually by RPI plus 1%.

*Developments that are not eligible for Help to Buy include Platting Village & East Avenue.

For more information please click - Own Your Home

Help to Buy is available subject to eligibility, terms and conditions



Looking for our Help to Buy Calculator? 

Help to Buy: London

Make buying a new home in the capital more affordable with the government-backed Help to Buy London scheme. Find out more about the scheme online.


Help to Buy: ISA

Help to Buy ISAs launched in autumn 2015, offering help for first-time buyers with up to £3,000 towards a deposit. Find out more online at Lovell Homes.


Stamp Duty Calculator

Use our handy Stamp Duty Calculator to work out what rate you'll have to pay for your new home. Visit Lovell Homes online today to calculate stamp duty.

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