Help to Buy in England

With the help of the Homes and Communities Agency’s (HCA) Help to Buy Equity Loan Assistance Scheme, you could soon be able to own your dream CALA home.

With a Help to Buy Equity Loan, the Government lends you up to 20% of the cost of your newly built home, so you’ll only need a 5% cash deposit and a 75% mortgage to make up the rest. You won’t be charged loan fees on the 20% loan for the first five years of owning your home. Help to Buy is available on homes up to a maximum price of £600,000 and is open to first time buyers and movers until March 2021. After that, a new Help to Buy Equity Loan for first time buyers only will replace it and the amount you can spend on your home will depend on where in England you are moving to.

Homebuyers who may not be eligible under the new rules will need to complete the process to buy a new home by March 2021.

 

HELP TO BUY EQUITY LOAN IS CHANGING ON 1 APRIL 2021



HELP TO BUY EQUITY LOAN UNTIL MARCH 2021*     
Open to first time buyers and home movers
You must have a deposit of 5% or more
Borrow up to 20% of the property price in the regions
Maximum property price £600,000

 

 HELP TO BUY EQUITY LOAN FROM APRIL 2021*
 Open to first time buyers only
You must have a deposit of 5% or more
Borrow up to 20% of the property price in the regions
 Regional price caps between £186,000 to £600,000

*Subject to eligibility checks

 

Stepping up the property ladder with Help to Buy

Using the Help to Buy Scheme, Matt Evans and Nikki Price recently moved into The Kearfield at Aspen Park - an impressive four bedroom semi-detached home to enable them to enjoy the benefits of a countryside setting with great commuter links to London. Read their story.

 

 

 

 

Help to Buy isn't just for first time buyers

"The scheme really helped us onto the property ladder, so when we realised we could use it for a second time round, it was a no-brainer, and so we made the decision then to purchase another new build home. The scheme has once again surpassed our expectations and enabled us to purchase a lovely family home, which we otherwise probably wouldn't have been able to afford. Read their story.

Download our help to buy leaflet

Help to Buy Equity Loan Calculator

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*Please note that this tool is for information purposes only and does not represent professional financial advice. Our sales team will be able to provide tailored information if you would like to find out more about our help to buy scheme.

The English Government Help to Buy Equity Loan scheme is eligible to new build homes up to 600,000. You must have a minimum deposit of 5% to qualify. Visit Terms and Conditions here.