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.

What is London Help to Buy: Equity Loan?

The London 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.

Check out our homes to see if London Help to Buy is available on the apartments you are interested in.

How does it work?
You could borrow up to 40% of the purchase price from the Government with  London Help to Buy: Equity Loan.  You only need a 5% deposit and your mortgage would make up the other 55%. The scheme is available on new build homes valued up to £600,000 to all UK residents, of any age, within the 32 London boroughs and the City of London. The government has provided information for you to check whether you’re eligible to use the London Help to Buy: Equity Loan scheme.

Other schemes that are available
In addition to the London 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
Find a home at New Union Wharf and see if London Help to Buy: Equity Loan is available on the apartment you are interested in.