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

I can highly recommend Charters Financial Services. I was happy with the level of service that I received when arranging my first mortgage after my advisor secured the best mortgage to suit my needs compared to competitors. I dealt directly with Marie and she couldn’t have been more helpful. She proactively contacted me to keep me updated about the progress of my application and made every effort to help during the pandemic which proved challenging. Marie explained the process in simple terms and responded quickly to any queries. She was reliable and a pleasure to deal with.


August 2020

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