The Help to Buy Scheme Explained

Need a more affordable way to get onto the housing ladder?


We can help.

Want to get onto the housing ladder or make that next move, but struggling to get enough finances together? We can help you make it happen with a Help to Buy Equity Loan.

The new Help to Buy Equity Loan Scheme is a government initiative that’s helping first-time buyers get onto the property with just a 5% deposit. As long as the property you want to buy is a new-build home valued at less than £600,000, you could qualify for the scheme.


Save money and keep your monthly repayments low.

In England and Wales, the government will lend you up to 20% of the value of your new home, 40% if you live in Greater London. You’ll then need a mortgage to fund the remainder, i.e. 75% if you’re buying in London with a 5% deposit. The great news is that you won’t pay any loan fees on your government loan for the first five years of owning your own home.

Regional price caps have now been introduced, which sets the caps at 1.5 time the average first time buyer price in each region:

Region Maximum property price
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
London £600,000
South East £437,600
South West £349,000


If the Help to Buy Equity Loan scheme sounds like an option for you, we can help with all the expert advice you need and access to the most competitive Help to Buy mortgages on the market to save you money and keep your repayments low. We’ll talk you through our lenders’ criteria and find the right product for you so you can start looking for your perfect home with absolute confidence and peace of mind.

If you want to know more about how Help to Buy mortgages work, read our expert guides or visit the Help to Buy website.

Or feel free to get in touch! Call us now on 08454 500200, alternatively click here and complete this short form about yourself. We’ll be in touch very shortly. With mortgage brokers in Winchester, Southampton, Farnham, Bishops Waltham, Alton, Chandlers Ford, Alresford, Romsey and Park Gate, you are never too far from mortgage advice.

Your home may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1% but a typical fee is 0.3% of the amount borrowed.

Your Answers

We were very impressed with the service we received at Charters. Chawley and Cara were incredible and supported us every step of the way from initial enquiry to owning our new home. As first time buyers it felt quite daunting and Chawley was able to offer simple explanations and guidance which put us at ease. We were so impressed we were able to get a mortgage offer during a global pandemic and I put that down to the hard work of the team at Charters. 100% would recommend if you want friendly and knowledgeable staff who seem to really care and are on your side during what is usually a very stressful time.

Sam C

November 2020

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