Help to Buy: Equity Loan


"Help to Buy: Equity Loan helped us to buy our dream home"

Dan Twigg and Sarah Edwards saved up their deposit and using Help to Buy equity loan scheme were able to purchase their dream Lovell Home.

Under the scheme, if you are a first or second time buyer and you do not currently own a property in or outside the UK then with a Help to Buy Equity Loan, 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 under £600,000* in England, as long as they’re not being bought as buy-to-let.

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%.

For more information see our fact sheet here.

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

London Help to Buy

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.


Looking for our Help to Buy Calculator?

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