Help to Buy in England

With the help of the Homes England’s 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.

The final date for homebuilders to take reservations under the current Help to Buy: Equity Loan scheme is Tuesday 15 December 2020. This is to allow enough time for sales to legally complete by 31 March 2021 when the scheme ends.

  Find out more about the difference between the current scheme and the replacement one below. 

 

Help to Buy Equity Loan
(Reservations up to December 15 2020 and legal completion on or before March 31 2021)

 

Help to Buy Equity Loan 
(Open for applications now and legal completion on or after 1 April 2021)

 Open to first time buyers and home movers Open to first time buyers only 
You must have a deposit of 5% or more  You must have a deposit of 5% or more
 Borrow up to 20% of the property price Borrow up to 20% of the property price
 Maximum property price £600,000  Regional price caps between £186,000 and £600,000

Both schemes are subject to eligibility checks. Find out more on the Government website.

 

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.