Get a 20% Equity Loan from the Government with Help to Buy


How does Help to Buy work outside of London?

  • The Government loan covers up to 20% of the value of your new home. The loan is interest free for the first five years and you pay a monthly management fee of £1.
  • You will need a 5% deposit
  • You will need a 75% mortgage

Help to Buy: Equity Loan Eligibility

  • the home you want to buy must be a new build and cost up to £600,000* and be sold by a Help to Buy house builder
  • you must be able to afford the monthly repayments on your new home
  • you must not own any other property at the time of purchase
  • you may not sublet your new home

To reserve a HTB home with L&Q, our sales team will refer you to an independent financial advisor who will be able to assist with completing a Help to Buy application You should also consider seeking independent financial and legal advice. A mortgage advisor can help you secure a mortgage that suits your financial situation, and a solicitor can help you by preparing all 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.

What if a Help to Buy : Equity Loan isn't right for you?

The Help to Buy Loan is set to change in 2021

The government’s new Help to Buy scheme will come into effect from April 1st, 2021 and will run until March 2023.

  • The new Help to Buy loan will only be available to first time buyers.
  • As it is, Help to Buy is available for properties up to £600,000 across the country. The new Help to Buy loan will include regional price caps.

To take advantage of the scheme under the current rules the sale of your new home must complete by March 31st, 2021. This means there is still time to take advantage of the current scheme!

Find a Help to Buy home near you

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