The Help To Buy Equity Loan

Available for newly built homes only.

What you need:

  • A minimum 5% deposit + 75% mortgage.

  • If you are approved for the scheme, the Government can lend up to 20% of the value of the new property.

How does it work?

Who is eligible?

  • First time buyers

  • Those wishing to move up the ladder and are either selling their existing  property or have already sold.

It is not available for buy to let, nor properties over the value of £600,000.

Most high street lenders offer mortgages using the scheme but they must be capital repayment mortgages and the maximum mortgage given will be 4.5 times income.

What does it cost?

  • The Help To Buy Equity Loan is interest free for the first 5 years.

  • From year 6 a fee of 1.75% (of the loan amount) will be charged monthly, rising annually by RPI inflation plus 1%.

Help To Buy, London

  • You will need a minimum 5% deposit on a newly built home.

  • The Government can lend up to 40% of the value of the new property.

  • You will need to fund the remainder of the purchase price with a mortgage.

How to apply

Discuss with a Mortgage Adviser
Reserving your new home
Property Information
Your application

If you have any queries, please contact us and we’ll be happy to talk you through it!

How to repay the loan:


The equity loan can be repaid at any time within 25 years (or the term of the mortgage), or on sale of the property. When the loan is repaid, an independent valuation will be carried out to determine the proportion of any growth in the property value that must also be paid. Likewise, if the property value falls, so does the proportion of loan that has to be repaid on a pro rata basis.

Montrose Conveyancing Ltd of Unit 12b Newent Business Park, Newent, Gloucestershire, United Kingdom, GL18 1DZ. Private Limited Company (Company number 12026728).

Head of Legal Practice: Katie Nicholson

Head of Finance and Administration: Andrew Graham


Tel: 01531 825860

Fax: 01531 825860

CLC Licence Number: 11851

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