With Help to Buy, the Government gives you an Equity Loan of 20%.

This can reduce the amount you need to repay on your mortgage. Use our UK Help to Buy Affordability Calculator to get an estimate of your mortgage repayments when buying through the Help to Buy scheme.

How does Help to Buy work outside of London?

  • Receive a Government loan of up to 20% of the value of your new home, interest free for the first five years and with a £1 monthly management fee.
  • You need a deposit of 5%.
  • You need a mortgage of 75%.

Am I eligible for a Help to Buy: Equity Loan?

  • The home you want to buy needs to be sold by a Help to Buy house builder.
  • You must be able to afford your new home’s monthly repayments.
  • You do not own another property in the UK or abroad.
  • You are not permitted to sub-let your new home.
  • The amount you pay for a home will vary in different regions. There are now Regional Price Caps for Help to Buy properties. Find out about the price cap in your area.

Help to Buy Regional Price Caps

The new regional price caps put on our new Help to Buy loan ensure that the scheme is accessible for those who most need it. These price caps will vary between regions as they are based on predicted averages within each region.

  • North East – £186,100
  • North West – £224,400
  • Yorkshire and Humber – £228,100
  • East Midlands – £261,900
  • West Midlands – £255,600
  • East of England – £407,400
  • South East – £437,600
  • South West – £349,000

For help reserving a HTB home with L&Q or assistance with a Help to Buy application, you can be referred to an independent financial advisor by our sales team. You may also consider using independent financial and legal advice. For help securing a mortgage that accommodates your financial situation, seek a mortgage advisor and a solicitor to aid in the legal documentation.

Once your Help to Buy: Equity Loan application has been approved, the sale of your home will progress with support from the L&Q Sales Team.

Is a Help to Buy: Equity Loan right for you?

2021 Changes to the Help to Buy loan

The new Help to Buy scheme will be available from April 1st, 2021 until March 2023.

  • The new Help to Buy loan will exclusively available to first time buyers.
  • There are now Regional Price Caps with the new Help to Buy loan. The amount you pay will depend on the region you are buying in. Find out about the price cap in your area.
    • Before December 15th 2020 Help to Buy was available for properties up to £600,000 across the country.*

*The deadline to buy a home under the previous scheme was December 15th 2020, ensuring an exchange date of March 31st 2021.

Find a Help to Buy home near you

We have homes available in Milton Keynes, Warwick, Stratford upon Avon and more.