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Help to Buy Scheme

Government Announces New Help to Buy Scheme

The Government has announced a new Help to Buy scheme in England to run from April 2021 to March 2023.   The Government provides a loan of up to 20% towards a home, potential buyers need to raise a 5% deposit and secure a 75% mortgage.  To reflect higher property prices in London, the equity loan is increased to up to 40%.  The scheme is restricted to first-time buyers and the new build home you buy must be within the relevant regional property price caps.  Please check your eligibility with our independent financial advisor or for more information please visit

1. Be a UK resident

2. Be purchasing a new build home

3. Not own any other property at the time of the equity loan

4. Not rent out the home for buy-to-let purposes

5. Generate enough income to keep up the mortgage payments

Wales and Scotland have their own versions of Government equity loan schemes

Starting on 1st April 2021 and open to first time buyers only, the regional maximum prices which qualify for purchasing a new build home with Help to Buy (2021 – 2023)

North East£186,100
North West£224,400
Yorkshire and the Humber£228,100
East Midlands£261,900
West Midlands£255,600
East of England£407,400
Greater London£600,000
South East£437.600
South East£239,000

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