Help to Buy equity loans
Top up your deposit with an equity loan
With a Help to Buy equity loan, you can add to your deposit on a new-build property, whether you’re a first-time buyer or buying a new home.
Help to buy mortgages
Get a helping hand when buying a home
Struggling to save a deposit? See how the government’s Help to Buy scheme could help you take the first steps towards your new home.
- Get a mortgage with just a 5% deposit
- Top up your deposit to access more mortgage deals
- See how shared ownership could help with your plans
Your home may be repossessed if you do not keep up repayments on your mortgage.
About Help to Buy and shared ownership
What is Help to Buy? Help to Buy means you can apply for a mortgage with a 5% deposit – the government provides a loan (called an equity loan) of up to 40% in for London properties or 20% outside London (the limit is 15% in Scotland). You then borrow the rest of the purchase amount as a mortgage from us. The government loan means you borrow less from the mortgage provider, giving you a wider range of mortgage rates to choose from because your loan-to-value ratio is lower.
Who’s eligible for a Help to Buy equity loan? To be eligible for a Help to Buy equity loan, you need to be buying a new-build property costing no more than £600,000 that you’ll be living in as your home. You don’t need to be a first-time buyer, but you’re not eligible if you own another property in addition to one you’re selling. You can’t rent out any part of a property bought through Help to Buy.
Is Help to Buy only for new-build properties? Help to Buy is only for new-build properties. Ask the property developer if the property you’re interested in is eligible for help to Buy.
More Help to Buy mortgage questions? Take a look at the articles on this page for guidance on applying through Help to Buy and shared ownership. You can also read the government’s guide to affordable home ownership schemes.
London Help to Buy
Buy a new home in London with a 5% deposit
Add to your deposit on a new-build home in London, whether you’re a first-time buyer or buying a new home.
Shared ownership mortgages
Buy a share of a home and pay rent on the rest
When you part-buy, part-rent a home through shared ownership, you can apply for a smaller mortgage amount – so your deposit could be lower, too.
Help to Buy examples
|
Purchase price |
Your 5% deposit |
Max equity loan limit |
Max equity loan |
Mortgage from us |
|
|---|---|---|---|---|---|
|
London |
£400,000 |
£20,000 |
40% |
£160,000 |
£220,000 |
|
Outside London |
£300,000 |
£15,000 |
20% |
£60,000 |
£225,000 |
|
Scotland |
£200,000 |
£10,000 |
15% |
£30,000 |
£160,000 |
Examples based on maximum equity loan for each region
How to apply
Call us or visit a branch to make an appointment where we can discuss whether Help to Buy is suitable for you.
Call us
Call us1 any time – lines may be closed at off-peak times on bank holidays and during Christmas.
0333 202 7580
Starting your mortgage application
Get ready to apply
Find out how to book an appointment to start your mortgage application, and see the list of documents and information you’ll need to provide.
Visit a branch
Find a branch near you that offers appointments with mortgage advisers and see when we’re open.