The Help to Buy: Equity Loan is a Government-backed scheme to help first time buyers step onto the property ladder. By taking out an equity loan for up to 20% of the cost of your chosen new-build home (or 40% in London), you can access lower mortgage repayments, helping you to afford a bigger budget for your first home.
There are important differences to the Help to Buy scheme for properties bought in London. Our calculator below provides an estimate of costs for regions across the UK, however, if you are looking to purchase a new build home within London, please visit our London calculator for a more accurate result.
To learn more about the scheme, visit our Help to Buy hub, read about 2021 changes, or compare Help to Buy versus Shared Ownership.