Help to Buy: Equity Loan is a government scheme to support first-time buyer's to get onto the property ladder. Borrowing amounts range from 5% of the market value of a new build up to 20% (40% if you're in London), which is interest-free for five years. 

Who is the scheme for?
  • First-time buyers 
  • Purchasers of a home in England 
  • Those over the age of 18
Eligibility Criteria
  • You cannot currently own a home 
  • If you’re married or in a co-habiting relationship, you must make a joint application with your spouse or civil partner and both live in the home as your only residence.
  • You cannot buy a second home before repaying your equity loan in full
  • There are price limits on homes you can buy with an equity loan. The limit is different for each region in England.

You can find out more about the eligibility criteria by visiting the Help to Buy website.

Property Price Limits per region
Region Full property price limit
East £407,400
East Midlands £261,900
London £600,000
North East £186,100
North West £224,400
South East £437,600
South West £349,000
West Midlands £255,600
Yorkshire and The Humber £228,100
How long is the scheme available?

The last date you can reserve your home and apply for the Help to Buy: Equity Loan is 31 October 2022. This should allow enough time for you to legally buy your home before the scheme ends on 31 March 2023.

Find out more about the scheme and how to apply by visiting their website and social channels: