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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.

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

Buying your home with an equity loan

An equity loan enables you to apply to borrow a lower mortgage amount, which means you’ll be able to choose from a wider range of mortgage deals.

Only a 5% deposit needed

You put up at least 5% of the property purchase price, although you can provide a higher amount.

Apply for an equity loan

The government provides up to 20% of the purchase price (15% in Scotland).

Buying in London?

You could borrow up to 40% of your property purchase price from the government with London Help to Buy.

Apply for a mortgage with us

Your mortgage amount provides the rest of the money you need to buy the property.

Are you eligible?

You can apply through the Help to Buy equity loan scheme if you

  • Are 18 or older and buying a new-build property that you’ll be living in as your main home
  • Don’t own another property
  • Can provide a deposit of at least 5% of the property’s value

How it works

How to get started

You first need to contact your local Help to Buy agent (see below) to find a registered home builder. You then apply to the same agent for an equity loan up to the following limits

  • Within London – 40% of the property’s purchase price
  • Outside London – 20% of the property’s purchase price
  • Scotland – 15% of the property’s purchase price

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. 

Examples based on maximum equity loan for each region

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

Equity loan fees

You won’t have to pay borrowing fees or interest on the equity loan for the first 5 years after buying 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 equity loan amount

The charges you pay for the equity loan don’t reduce the amount you borrowed from the government. You can start repaying the amount you borrowed 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 by region

Home affordability schemes vary depending on where you plan to buy a home. 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.

Equity loans in London

Find a newly built home available through London Help to Buy.

London equity loans

Equity loans in Scotland

Find a newly built home available through Scotland Help to Buy.

Scotland equity loans

Equity loans in Wales

Find a newly built home available through Help to Buy Wales.

Wales equity loans

Our latest rates


You can also check our full mortgage range to see if our other mortgages are suitable for you, download our tariff of mortgage charges and read our legal information.

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How to apply

After you’ve contacted your local Help to Buy agent to arrange your equity loan, you’ll need to book an appointment to start your mortgage application with us.

Call us

Lines are open all day, every day, except on bank holidays and during Christmas, when they may be closed at off-peak times1.

0800 197 1081

Mortgage appointment

How to prepare

Find out which documents you’ll need and what you’ll discuss with our mortgage adviser at your appointment.

Visit a branch

Find a branch near you that offers appointments with mortgage advisers and see when we’re open.

Need some help?

Chat to us online

Start a web chat if you have a question about applying (we can’t give advice about choosing a mortgage during web chats).

Visit a branch

Find a branch near you that offers appointments with mortgage advisers and see when we’re open.

More ways to buy your home

Family Springboard Mortgage

Buy your home without a borrower deposit

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

Shared ownership mortgages

Buy a share of a home and pay rent on the rest

Buying a home through shared ownership means you can apply for a smaller mortgage amount – so your deposit could be lower, too.

Barclays Green Home Mortgages

Buy an energy efficient home and get a lower rate

We’ll reward you with a lower mortgage rate on certain deals when you buy an energy efficient home – it’s just one of the ways we support greener choices.