Getting help to buy your own home
Pages in Getting help to buy your own home
- 1. Help to Buy scheme
- 2. Which scheme will suit my situation?
- 3. Shared Ownership
- 4. You are here: Equity Loans
4. Equity Loans
The Help to Buy equity loan is designed to help you purchase specific new-build properties priced up to £600,000 from participating registered developers with as little as a 5% deposit.
The Government lends you up to 20% of the cost of your new-build home, so you only need to provide a 5% cash deposit and a 75% mortgage to make up the rest. You won't be charged loan fees on the loan for the first five years of owning your home.
For further details regarding eligibility and how to apply see the Help to buy equity loans page.