Help to Buy: London

Help to Buy scheme is available in London exclusively to first-time buyers on New Build Homes.

How does the scheme work?

If you’re buying a new build home in London, you can now get even more help from the government with the London Help to Buy Scheme.

This scheme is similar to the standard Help to Buy Equity Loan, but allows buyers in London to benefit from a 40% loan from the government on purchases of new build homes under £600,000.

With the equity loan, the government lend you up to 40% of the value of your brand new home. All you need to pay is a 5% deposit, with a mortgage of 55% to cover the rest of the costs. And what’s more, your loan will be interest free for five years after the purchase of your brand new home. The loan must be repaid after 25 years, or when you sell your home.

The scheme is open to UK residents currently living in the UK, including first time buyers and those looking to move from their current property. It can be used in any district of London, as well as the City of London.

Use our Help To Buy Calculator to see how the Help To Buy London Scheme can help you onto the property ladder.

For more information please click here 

Back to top

Viewing on Internet Explorer not recommended

For a better experience please install a new browser.

View Browser Options

Alternatively, click below to remain in Internet Explorer.

Remain in Internet Explorer