Take advantage of the new Help to Buy: Equity Loan today and buy your new home with only a 5% deposit.
With Help to Buy you only need to have a minimum 5% deposit. We will then help you secure a Government equity loan from Homes England for the additional 20% deposit required.
This loan is secured on your property and can be repaid at any time within 25 years or on the sale of your home, whichever happens first – plus you’ll pay no interest for the first 5 years!* We can also help you arrange a mortgage (via independent financial advisors) for the 75% balance.
The terms of the scheme vary and eligible dwelling criteria has changed to now include regional price caps, which can be seen below.
Please take a look at the Help to Buy scheme in your area for more information.
* After five years, an annual fee of 1.75% of the outstanding equity loan is charged. This is increased annually by RPI plus 1%.
Subject to terms and conditions. Borrowers will need to meet appropriate criteria to ensure they can pay back the equity loan, as well as passing their chosen lender’s credit and affordability checks. For more information on Government equity loans visit https://www.helptobuy.gov.uk/equity-loan/equityloans/
You can also take a look at our First Time Home Buyers guide
for all the information you need.
** LTV (loan-to-value) is the ratio between how much you borrow for the mortgage (the loan) and how much the property is worth (the value), expressed as a percentage.