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Help to Buy Equity Loan scheme

Top up your deposit with an equity loan

With a Help to Buy Equity Loan, including London Help to Buy , you can add to your deposit on a new-build property, whether you’re a first-time buyer or moving home.

  • You provide a deposit of 5% of the property value
  • The government lends you up to 20% (15% in Scotland)
  • Apply for a mortgage for the remaining amount

Your home may be repossessed if you do not keep up repayments on your mortgage.

How it works

By adding an equity loan to the deposit you can provide, you’ll be able to apply for a smaller mortgage and choose from a wider range of mortgage deals.

Are you eligible?

You can apply through the Help to Buy Equity Loan scheme if:

  • You’re buying a new-build property that you’ll be living in as your main residence
  • You don’t own another property
  • You can provide a deposit of at least 5% of the property’s value

What to do next

You first need to contact your local Help to Buy agent to find a registered home builder. You then apply to the same agent for an equity loan of up to 20% of the property’s value (15% in Scotland). If you’re successful, you can add this money to your 5% deposit and apply for a mortgage for the amount you need to buy your home.

Equity loan fees

There aren’t any borrowing fees or interest on the equity loan for the first 5 years after you buy your home, although you can start repaying the loan whenever you want to.

After 5 years, there will be an interest fee of 1.75% of the amount of your loan at the time you took it out, which will rise each year after that by the increase in the Retail Price Index. Your Help to Buy agent can explain this in more detail.

Repaying the loan amount

The charges you pay for the loan don’t reduce the loan amount you need to repay. You can start repaying the loan as soon as you want to reduce the government’s share in your home’s equity. The minimum repayment is 10% of the market value at the time you pay (or 5% in Scotland). The equity loan must be repaid when the property is sold or when the mortgage is paid off.

Equity loan details where you live

Home ownership schemes vary depending on where you live. The property value limits and other information about equity loans for your area are below. There is currently no equity loan scheme in Northern Ireland.

Our current rates

This table outlines what the initial interest rate will be, as well as the follow-on rate, the amount you can borrow and any application and early repayment charges. You can sort any of the columns by selecting the column title.

You can save a copy of our tariff of mortgage charges and read our important legal information.

The current mortgages data is unavailable. A complete list of all mortgage rates is available for download here.


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Initial interest rate

Follow on interest rate

Overall cost for comparison

Loan to value

Mortgage fee

Early repayment charge

How to apply

To apply, you’ll need to speak to one of our mortgage advisers. You can call us or visit a branch to book an appointment.

Call 0800 197 1081 1

Need some help?

You can talk to us about our mortgages online, in branch or over the phone at a time that suits you.

Call us on 0800 197 1081 1

More ways to buy your home

Help to Buy Mortgage Guarantee

Get help buying your first or next home if you’re finding it hard to save the deposit you need.

Family Springboard

Buy your home without a borrower deposit if your family can provide 10% of the property’s price as security.


Shared ownership

Buying a share of a home with a housing association means you can apply for a smaller mortgage amount.

Buying with other people

If you can't afford a place of your own, buying with others could help you get on the property ladder.

Important information

Subject to status and availability. You must be 18 years old or over to apply for a mortgage.

1.  Lines are open Monday to Friday, 8am to 9pm, Saturday 9am to 8pm and Sunday 10am to 4pm. To maintain a quality service, we may monitor or record phone calls. Call charges