Closed to new applicants – Help to Buy: Equity Loan

  • Deposit required: At least 5% of the price of the home.
  • Ownership: Full ownership. Government has an equity share of up to 20% (up to 40% in London), until you repay the equity loan.
  • Headline benefits: Enables people to buy a new-build property with a small deposit.
  • Headline requirements: Homebuyers must contribute 80% of the home’s price, for example, with a minimum 5% deposit and up to 75% mortgage. In London, homebuyers must contribute at least 60% of the home’s price.

Applications for Help to Buy: Equity Loan have now closed.

All eligible homebuyers must legally complete by 31 March 2023 and are expected to have the keys to their home by 6pm.

Part of the Help to Buy scheme


Help to Buy: Equity Loan (2021-2023) is for first-time buyers and includes regional property price limits to ensure the scheme reaches people who need it most.

Homebuyers could reserve homes and apply for the Help to Buy: Equity Loan until 6pm on 31 October 2022. This deadline allows enough time for homebuyers to legally buy their homes before the scheme ends on 31 March 2023.

As with the previous scheme, the government will lend homebuyers between 5% and 20% of the cost of a newly built home, and up to 40% in London.

Help to Buy: Equity Loan (2021-2023) was launched on 1 April 2021.

Frequently asked questions

To help first-time homebuyers into home ownership who are unable to access affordable loan-to-value mortgages due to having an insufficient deposit.

First-time homebuyers over the age of 18 years buying a home in England.

Applications for Help to Buy: Equity Loan have now closed.

To apply, you must be:

  • aged 18 or older
  • a first-time buyer

You can not:

  • own a home or land anywhere in the world now or in the past
  • have had any form of sharia mortgage finance
  • own a home bought with other people or inherited
  • be married or in a co-habiting relationship, either now or on legal completion with anyone who owns or has owned a home or land anywhere in the world
  • buy a second home before repaying your equity loan in full 

If you re married or in a co-habiting relationship, you must make a joint application with your spouse or civil partner and both live in the home as your only residence.

There are price limits on homes you can buy with an equity loan. The limit is different for each region in England.

Region Full property price limit
East £407,400
East Midlands £261,900
London £600,000
North East £186,100
North West £224,400
South East £437,600
South West £349,000
West Midlands £255,600
Yorkshire and The Humber £228,100

361,075 homes were bought using the Help to Buy: Equity Loan from April 2013 to March 2022. 

To apply you must be a first-time homebuyer. The new build home you’re buying must be within the regional price limits.  Make sure your homebuilder is registered for Help to Buy before you apply.


How to apply

  1. 1

    Reserve a new build property with a homebuilder registered with the scheme

  2. 2

    Apply online through the Help to Buy agent in your region

  3. 3

    Your Help to Buy agent will assess your eligibility for the scheme and issue an Authority to Proceed

  4. 4

    Authority to Proceed allows you to apply for a repayment mortgage and progress your application to exchange of contracts, where the Help to Buy agent will issue an Authority to Exchange

  5. 5

    Once all the paperwork and dates are agreed and the home is built (practical completion), your Help to Buy agent will issue a Transaction Confirmation. This allows legal completion and funds to be transferred to the homebuilder.

  6. 6

    After legal completion, your Help to Buy agent passes your details to the equity loan administrator to manage the equity loan account until it is paid in full.