Help to Buy Calculator: Equity Loan (2021-2023)

The Help to Buy scheme has now closed to new applications. If you’re in the process of purchasing using Help to Buy, then you’ll need to legally complete on your new home by 31st March 2023.

The Help to Buy scheme in Wales will be extended from April 2023 find out more.

Help to Buy: Equity Loan is a government-backed scheme that lets first-time buyers purchase a new home with just a 5% deposit.

Providing you’re eligible¹, the government will provide an equity loan of up to 20% of the cost of your new-build home (or 40% in London), interest-free for the first five years. This means you’ll only need a 5% deposit and 75% mortgage to make up the rest.

Use the Help to Buy calculator to work out what monthly payments are affordable for you.

Calculate what monthly payments are affordable for you
Cost Of Property : £200,000
£100K £200K £300K £400K £500K
Mortgage Term : 30 Years
0 10 20 30 40
Your Deposit : £20,000
£0K £50K £100K £150K £200K

HTB Equity Loan
How does a Help To Buy (HTB) equity loan work?
X% Deposit
X% HTB Loan
X% Mortgage
Your Results£XEstimated payment per month
Want to discuss your options with us?Speak to a consultant
Help to Buy Calculator: Equity Loan (2021-2023) image

Using Help to Buy in your area

The costs involved with Help to Buy will change slightly depending on where in the country you plan to move to. Take a look at the regional price caps below so you can get a better idea of what’s possible, and use the Help to Buy deposit calculator to see how it affects your monthly payments.

RegionPrice cap
East Midlands£261,900
West Midlands£255,600
South West£349,000
Wales³£250,000
North West£224,400
South East£437,600
London²£600,000
Help to Buy Calculator: Equity Loan (2021-2023) image

Help to Buy Wales

From April 2023
Help to Buy Wales is available on selected developments and plots only and is subject to eligibility criteria. From 1st April 2023 until March 2025, Help to Buy Wales is only available on homes with a minimum EPC rating B and a maximum purchase price of £300,000. You must be able to fund at least 80% of the property price through a combination of a repayment mortgage and a minimum deposit of 5% of the purchase price. You must take out a first charge repayment mortgage with a qualifying lender. You must not set-let any part of the house you are buying through the scheme and you must not be renting your existing home and buying a 2nd home through the scheme. YOUR HOME MAY BE REPOSSOSED IF YOU DO NOT KEEP UP WITH REPAYMENTS ON YOUR MORTGAGE. 

Find out more:
Help to buy scheme in Wales

April 2021 – March 2023
Help to Buy – Wales provides a shared equity loan to buyers of new-build homes. The scheme supports the purchase of homes up to £250,000 bought through a registered Help to Buy – Wales builder. Here’s how it works:

With Help to Buy – Wales: You must provide a 5% deposit. The scheme provides a shared equity loan of up to 20% of the purchase price. You must take out a repayment mortgage to cover the remaining amount. Use the Help to Buy calculator to see how your deposit and the equity loan affects your mortgage repayments.

To be eligible for the Help to Buy Wales scheme, you must:

  • Be buying an eligible home, with a maximum price of £250,000 from a builder who is registered with the scheme.
  • Be able to fund at least 80% of the property price through a combination of a repayment mortgage and a minimum deposit of 5% of the purchase price.
  • Take out a first charge repayment mortgage with a qualifying lender.
  • Not sub-let any part of the house you are buying through the scheme.
  • Not be renting your existing home and buying a second home through the scheme

Help to Buy London

The amount you can receive with a government-backed equity loan is different in London² compared to the rest of the UK. Here this will be 40% of the cost of your new-build home, interest-free for the first five years, meaning you’ll need a 5% cash deposit and 55% mortgage to make up the rest. Use the Help to Buy calculator to see how a 40% equity loan will affect your monthly payments.

Help to Buy Calculator: Equity Loan (2021-2023) image
See our example below on a £500,000 home:
5% deposit£25,000
40% Help to Buy Equity Loan£200,000
55% mortgage£275,000

Ready to learn more?

Get in touch with our sales team. They’re here to answer any questions you may have about Help to Buy and help you find the perfect home.

Terms and Conditions

¹Help to Buy England

  • The 20% equity loan is interest free for the first five years of owning your home.
  • You won’t be able to sublet this home or enter a part exchange deal on your old home. You must not own any other property at the time you buy your new home with a Help to Buy: Equity Loan.

²Help to Buy London

  • The 40% equity loan is interest free for the first five years of owning your home.
  • It is available on new homes in the 32 London Boroughs & City of London.
  • You won’t be able to sublet this home or enter a part exchange deal on your old home. You must not own any other property at the time you buy your new home with a Help to Buy: Equity Loan.

³Help to Buy Wales

With Help to Buy Wales you must provide a 5% deposit. This is interest-free for the first five years of owning your home. The scheme provides a shared equity loan of up to 20% of the purchase price. You must take out a repayment mortgage to cover the remaining amount.

To be eligible for the Help to Buy Wales scheme, you must:

  • Be buying an eligible home, with a maximum price of £300,000 from a builder who is registered with the scheme.
  • Be able to fund at least 80% of the property price through a combination of a repayment mortgage and a minimum deposit of 5% of the purchase price.
  • Take out a first charge repayment mortgage with a qualifying lender.
  • Not sublet any part of the house you are buying through the scheme.
  • Not be renting your existing home and buying a second home through the scheme.

For full terms and conditions please click here.

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