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.
Fina a home at The Chain and see if London Help to Buy: Equity Loan is available on the apartment you are interested in.