Use Help to Buy (London) to move to your Cala home

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.

Help to Buy (London) is a scheme aimed at first-time buyers looking to move onto the property ladder in the capital.

So long as you can raise a 5% deposit, the Government will provide an equity loan of up to 40% of the property value – that's double the 20% offered under Help to Buy in England and is designed to reflect higher property prices in the capital.

Help to Buy (London) is available to first-time-buyers on new-builds worth up to £600,000. Please visit the Government’s Own Your Own Home website for more information.  

Equity Loan Assistance from the Government

How does Help to Buy work?

With the help of London Help to Buy Equity Loan Assistance Scheme, you could soon be able to own your dream Cala home.

Help to Buy (London) 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 London or Greater London.

The price cap for overall property value that you can purchase in London or Greater London is £600,000.

(up to £600,000)

Min £100K
Max £600K

(Minimum 5% of the house value required)

Min 5%
Max 60%

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Min 10%
Max 40%

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.

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: www.helptobuy.gov.uk.

CALA Homes