Help to Buy

2021 - 2023 Help to Buy Equity Loan Scheme

As a first-time buyer, searching for a newly built home, you may need a financial boost. With the government's Help to Buy: Equity Loan scheme, buying your own home could become a dream come true.

The new scheme will enable first-time buyers to borrow a minimum of 5% and up to 20% (or up to 40% in London) of the market value of a newly built home. The amount you can spend on the home depends on where in England you buy it.

Who is eligible?

  • To take advantage of the scheme, you must be a first-time buyer.
  • You must not own a home or residential land now or in the past - in either the UK or abroad.
  • You should not have had any form of sharia mortgage.

How does it work?

When purchasing a home with the Equity Loan scheme you will not pay interest on the equity loan for the first 5 years. You will pay interest in year 6, this will be on the equity loan amount you borrowed.

At the exchange of contracts, you will be required to pay a deposit, this is 5% of the purchase price.

You can repay all or part of your equity loan at any time. A part-payment must be at least 10% of what your home is worth at the time of repayment.

Is the scheme right for me?

If you already have a large deposit and can get a mortgage without the use of the Help to Buy scheme, you may not need to benefit from the financial boost.

If you are unsure, contact us using the form below. We are here to help and answer any questions you may have.

If you would like to know more about the scheme click here

You can apply for the new scheme from 16 December 2020

First-time homebuyers who are eligible for an equity loan can borrow up to 20% (40% in London) of the purchase price of a new build home. Check with your homebuilder that they are registered for the scheme before you apply.

How much you can spend on your home will depend on which region it is in.

Price cap for Help to Buy homes
April 2021 to March 2023
North East
North West
Yorkshire and The Humber
East Midlands
West Midlands
East of England
South East
South West


How to apply: First-time buyers who are eligible for Help to Buy: Equity Loan (2021-2023) can apply now with a homebuilder registered for the scheme. Apply with a Help to Buy agent, in England, within the area where you would like to live. Find your local Help to Buy agent here

Your home may be repossessed if you do not keep up repayments on your mortgage!

Moneywatch Finance is an Appointed Representative of HL Partnership Limited, which is authorised and regulated by the Financial Conduct Authority.

You can find us on their website Our registration number is 735552. Our registered address is Head Office, 86 Hay Lane, Shirley, B90 4EQ

The guidance and/or advice contained in this website is subject to UK regulatory regime and is therefore restricted to consumers based in the UK

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0121 7453347
Matthew Jones
07738 261 919
Peter Hunt
07880 900 841
Moneywatch Finance
Head Office
86 Hay Lane
West Midlands
B90 4EQ
Click here to get details of our Halesowen office