What is Help to Buy: Equity Loan?

The Help to Buy: Equity Loan scheme is a Government-backed initiative aimed at first-time buyers, as well as people moving up the property ladder.

The scheme helps to keep your mortgage payments lower by boosting your deposit. It also delivers other benefits, such as giving you access to a wider range of mortgage products.

Find out more about the scheme to see if it is right for you.

How does it work?
You could borrow up to 20% of the purchase price from the Government with Help to Buy: Equity Loan.  You only need a 5% deposit and your mortgage would make up the other 75%. The scheme is available on new build homes valued up to £600,000 to all UK residents. The government has provided information for you to check whether you’re eligible to use the  Help to Buy: Equity Loan scheme.

Other schemes that are available
In addition to the Help to Buy: Equity Loan scheme, L&Q also offer Shared Ownership scheme. Learn more about Shared Ownership to find the scheme that is more suited to you.

Next Steps
Check out our other homes to see if Help to Buy: Equity Loan is available on the apartment you are interested in