Help to Buy is set to end next year, with the Equity Loan scheme closing to new applications on 31 October 2022. To apply for Help to Buy: Equity Loan to purchase your new home, you must apply before then.

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.

You can access up to a 40% loan in London. Discover how this can stretch your budget using our London Help to Buy Affordability Calculator.

Help to Buy Mortgage Calculator

The Help to Buy: Equity Loan initiative allows you to borrow between 5% and 20% of the full price of your desired home. The home must be newly built and cost less than the price cap for your region, up to a maximum of £437,600 in the South East.

By boosting your deposit, the Help to Buy Equity Loan helps you to access lower mortgage payments. It also delivers other benefits, such as giving you access to a wider range of mortgage products.

If you are looking to buy a new build home in London, please use the correct mortgage calculator to get a more accurate estimation.

Browse L&Q Help to Buy properties

Find out what the new 2021-2023 Help to Buy scheme means for you