Help to Buy: Equity Loan has now closed to new applications.

L&Q are leading providers of Shared Ownership – a Government-backed scheme that helps first time buyers afford to get on the property ladder.

Through part-buy/part-rent, buyers purchase shares of a property that would otherwise be unaffordable to them.

What if I am currently buying a home with Help to Buy: Equity Loan?

If you’re buying a home with Help to Buy: Equity Loan and would like information about your application, contact your Help to Buy agent. You can also find information about the application process in the Homebuyers’ guide to Help to Buy: Equity Loan.


What if I already have a Help to Buy: Equity Loan?

If you have a Help to Buy: Equity Loan, you can find information about interest payments and how to make changes to your equity loan on

Find out about other government home ownership schemes

Frequently asked questions about Help to Buy


What is the Help to Buy: Equity Loan?

Now closed to new applicants, the Help to Buy: Equity Loan was a government-backed scheme aimed at first-time buyers looking to buy a newly built home.

The scheme was created to keep mortgage payments lower and deliver other benefits, such as giving you access to a wider range of mortgage products. If you were able to offer a deposit of 5% of the home’s total value, you could borrow up to 20% (outside London) or 40% (in London) of your home’s value from the government. This loan was interest-free for the first five years.


When does Help to Buy end?

The Help to Buy: Equity Loan scheme ends on 31 March 2023. However, applications closed on 31 October 2022.


What will replace Help to Buy in 2023?

While there isn’t a direct replacement for Help to Buy, alternatives such as Shared Ownership and London Living Rent are available to first-time buyers.

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