What is Help to Buy?
Help to Buy is a government backed scheme, available in England and Wales, that allows you to buy a home with just 5% deposit. With Help to Buy, you'll get an equity loan of up to 20% of the cost of a new home; this is interest free for 5 years. For an example of how much your deposit, mortgage or equity loan may be if you buy a new home, please see below.
An example of how your deposit, mortgage and equity loan might look if you buy a new home.
Property Price Caps
When applying to Help to Buy, the 20% equity loan is only applicable to property under a certain total amount. This total amount is the property price cap, and is dependent on the region in which you buy.
We have created a table that breaks down the caps by region in England to help you work out whether you can apply for the scheme.