Help to Buy (England) Calculator

Our Help to Buy mortgage calculator can give you a quick indication of the level of any loan which you may be eligible for under the scheme. The calculator will take into account your preferred location, your deposit amount, and the price of the property you’re looking to buy.

Use the Help to Buy calculator below to work out what size of additional deposit and repayment mortgage you’d need to move into your Cala home in Bedfordshire, Cambridgeshire, Essex, Hertfordshire, Norfolk or Suffolk.

The price cap for overall property value that you can purchase in the East of England region is £407,400.

The Help to Buy: Equity Loan scheme will end in March 2023. Please visit the Government’s Own Your Own Home website for more information.

(up to £407,400)

Min £100K
Max £407K

(Minimum 5% of the house value required)

Min 5%
Max 60%

Min 10%
Max 20%

Your results

To purchase a home valued at:
And with a % deposit value of:
You would need to secure a mortgage of:
To be eligible for a Government loan of:

This calculator is for guidance only; Cala does not offer mortgage advice. Subject to full eligibility checks, you may qualify for a Help to Buy: Equity Loan from the government. You should consider taking advice from a qualified adviser before agreeing to a mortgage. Your home may be repossessed if you do not keep up repayments on your repayment mortgage, equity loan or other loans secured against it.

How does Help to Buy work?

Under the scheme, the government could lend you a minimum of 5% and up to 20% (or up to 40% if you’re in London) of the full purchase price of a new build home, provided that the homebuilder is registered for the scheme. However, the amount you pay for a home depends on where the home is located.

If you purchase your home under the scheme, you will have full ownership of your home and the government will have an equity share, until you repay the equity loan.

You must repay your equity loan in full:

  • at the end of the equity loan term of 25 years
  • when you pay off your repayment mortgage
  • when you sell your home
  • if you do not follow the terms set out in the equity loan contract and Homes England ask you to repay the loan in full.

Are you eligible for the Help to Buy: Equity Loan?

To apply for the Help to Buy (England), you must be:

  • aged 18 or older
  • a first-time buyer

You cannot:

  • own a home or land anywhere in the world now or in the past
  • have had any form of sharia mortgage finance
  • own a home bought with other people or inherited
  • be married or in a co-habiting relationship, either now or on legal completion with anyone who owns or has owned a home or land anywhere in the world
  • buy a second home

Homes England Help to Buy: Equity Loan (2021 – 2023) Guidelines

Your home may be repossessed if you do not keep up repayments on your repayment mortgage, equity loan or other loans secured against it.

Help to Buy: Equity Loan (2021-2023): Eligible homebuyers can borrow 5% to 20% (40% in London) of the market value of a newly built home. Regional property price limits will apply. The equity loan is interest free for 5 years; monthly interest payments start at 1.75% and rise each year in April by the Consumer Price Index (CPI) plus 2%. Pay a £1 monthly management fee from the start. Repay your equity loan at the end of your mortgage or equity loan term, when you sell your home or any time before. The lender, Homes England, secures the equity loan as a second charge on your home. Help to Buy is subject to eligibility, terms and conditions:

Available on selected properties, and subject to the Government’s specific terms, conditions and qualifying criteria.

Help to Buy cannot be used in conjunction with part exchange.

Availability of other incentives/offers subject to lenders criteria and Cala’s discretion.

New build homes with Cala

We have a wide range of developments in highly sought-after areas in the East of England, such as Bedfordshire, Cambridgeshire, Essex, Hertfordshire, and Suffolk, that you might like to make your first home.

If you think you are eligible for Help to Buy and would like a modern and spaciously designed home from Cala, get in touch with one of our sales consultants today to book an appointment.

CALA Homes