Search Menu Chevron left Chevron right Chevron down Map pin Map pin Facebook Twitter Pinterest Google plus Bed Plus Minus Circle plus Instagram Hash Heart comment Download Retweet Mail Chevrons down Chevrons up Phone Crosshair Map pin Close

Help to Buy: Equity Loan

"Help to Buy: Equity Loan helped us to buy our dream home"

Dan Twigg and Sarah Edwards saved up their deposit and using Help to Buy equity loan scheme were able to purchase their dream Lovell Home.

See our Lovell Experience to read their full story*

Under the scheme, if you are a first or second time buyer and you do not currently own a property in or outside the UK then with a Help to Buy Equity Loan, you’ll only need a 5% deposit to purchase a new build home. The government will lend you up to 20% of the value of the property, so you can access mortgages up to 75% of loan to value

The loan is available on new build properties under £600,000 in England, as long as they’re not being bought as buy-to-let.

The loan can be repaid at any time and is interest-free for the first five years. After that, it will be charged at 1.75% of the equity loan, rising annually by RPI plus 1%.

For more information see our fact sheet here.