Help to Buy Mortgages – Equity Loans

Are you looking for a help to buy mortgage?

The Government lends you up to 20% of the cost of your new build home, so that you’ll only need a cash deposit from 5% and a 75% mortgage to make up the rest.

Help to Buy – Equity loans

The equity loan is interest free for the first five years. After that, you will pay a fee of 1.75%, rising annually by the increase (if any) of the Retail Price Index (RPI) + 1%.

The equity loan can be repaid at any time within 25 years (or the term of the mortgage), or on the sale of the property.

Help to Buy example

Am I eligible?

  • The scheme is open to both first time buyers and existing home owners.
  • There is no maximum household income.
  • You can purchase a property with a maximum value of £600,000.
  • You will need a minimum 5% deposit to qualify.

To apply you will need to find a property through a participating registered builder and complete their relevant paperwork.

For more information and to talk to one of our advisers, please complete the below form.