There are several government schemes in the UK that help people get into a new home. These differ depending on the location of the home you are buying. Here at CALA, we are able to provide assistance if you’re looking to use the Help to Buy: Equity Loan scheme in England or London.
The last date homebuyers can reserve homes and apply for the Help to Buy: Equity Loan is 31 October 2022. This should allow enough time for homebuyers to legally buy their homes before the scheme ends on 31 March 2023. Please visit the Government’s Own Your Own Home website for more information.
Unfortunately, Help to Buy (Scotland) has now come to an end and we are no longer able to offer it.
Help to Buy (England) is more properly known as the Help to Buy: Equity Loan scheme. It is run by government agency Homes England and can only be used by first-time buyers who are looking to purchase a new build home in England. As of March 2021, regional price caps decide the maximum price of the property you’re able to purchase through the equity loan scheme.
Help to Buy (London) is part of the Help to Buy: Equity Loan scheme, but has slightly different rules. It is available to first-time buyers who are buying in London and Greater London. It has a higher maximum price cap and a higher available equity loan percentage than other regions in England.
The Help to Buy (Scotland): Smaller Developer scheme was an initiative of the Scottish Government and will close at the end of the financial year 2021 to 2022. Cala can no longer offer Help to Buy in Scotland, but please get in touch with a Cala Sales Consultant to find out how we can help you move.
As of April 2021, Help to Buy is only available on new-build homes in England. In order to qualify for the Help to Buy scheme in England, you must meet the following criteria:
This list is not exhaustive and it is important that you work through a Help to Buy agent to confirm whether you are eligible.
If you’re eligible for the updated Help to Buy scheme, we have a wide selection of new-build developments across England that are waiting for you to call them home. These include apartments, detached houses and townhouses, so you’ll be sure to find something that works for you.
So, if you want a home with modern design and spacious rooms, feel free to get in touch with one of our sales consultants today for more information. If you know you want to view a property, we have a number of show homes available, too.
