Government Help to Buy Scheme

Is the Current Help to Buy Scheme Right for Me?

Most Importantly: To be eligible for Help to Buy: Equity Loan (2021-2023): you must be a first-time buyer of a new build home and you buy must be within the relevant regional price cap.

Is My Income Important?

There is no maximum household income level. However, you will require at least a 5% deposit of the full purchase price of the property regardless of your income. You are required to get a mortgage which will need to be 25% or more of the full purchase price. At the moment, help to Buy is only available on new build homes.

Help to buy is there to do just that. Help you to buy a new build home. The government recognises that buying a home is expensive and this scheme is designed to help first time buyers (although not limited to) get onto the housing ladder.

If you already have a home and are looking to move to a new-build property, you will also be eligible the apply under the current scheme.

When Will it be Too Late to Apply?

Applications for the Help to Buy equity loan opened for new applications on 16 December 2020, and will run until 31 March 2023.

We don’t expect this scheme to be changed until after the 31st march 2023.

How do I Pay The Loan Back?

You don’t have to pay off the loan in one go. But the rules state you have to pay back at least 10% of the property’s current value. So, this means that you could pay back 10% of the property’s current value if you took out a 20% loan, or pay back 10%, 20% or 30% of the property’s current value if you borrowed 40%.

Help to Buy Broker

You should seek financial advice from a broker or an advice centre to find out if the current scheme is right for you. They will review your situation and circumstances and give you the best advice.


Find the best mortgage deals, try out our calculator today
Cant find what you are looking for?
icon binoculars
You can call one of our expert Mortgage & Insurance advisers anytime on
0333 340 8888
Speak to one of our mortgage experts
Enter your number below to schedule a callback with one of our team.*
Now choose your preferred day and time
Excellent service, highly recommended. Great communicators and very helpful for us as first-time buyers.
Always there to help with helpful and honest advice, would recommend to anyone. We are first time buyers and they really helped with simplifying all the jargon and giving us great advice.
Chris M
Great communication and customer service throughout the process.
A very helpful, trustworthy and straight,-talking service that got us the result we wanted.
First time buyer
Very informative personnel, happy to help and easy to communicate with. I would definitely recommend.
Excellent service! Couldn't ask for.more. thank you so much !!
Mr&Mrs Martin
Request a
call back
Preferred day*
Preferred time*

Arrange a callback

Please complete the form below and one of our specialist mortgage advisers will call you back.
Preferred day*
Preferred time*

We use cookies on this website. You are free to manage cookies settings via your browser at any time. To learn more about how (and why) we use cookies, take a look at our Privacy Policy.