Dream of owning a bigger home but
don’t have a big deposit?


The Government has created the Help to Buy scheme to help hard-working people like you take steps to buy your own home. Whether you want to get onto the housing ladder or move up it, Help to Buy makes it possible to buy a new-build or existing home priced up to £600,000 with as little as a 5% deposit.

Harlequin Homes are an approved Help to Buy builder

Help to Buy Equity Loan

Available on new build homes up to £600,000 in England, £250,000 in Scotland and £300,000 in Wales. The Government will lend you up to 20% of the property value through an equity loan, which can be repaid at any time during the loan term or on the sale of your home.

In England and Wales, you won’t be charged any loan fees for the first 5 years of owning your home. In Scotland, there are no loan fees to be paid.

You’ll only need to secure up to a 75% mortgage from a bank or building society.

There is a range of competitive mortgage rates available with this scheme.

Frequently Asked Questions


Q) What is Help to Buy?
A) Help to Buy is a Government-backed scheme which helps first time buyers and existing home owners purchase a home with as little as 5% deposit.

Q) Is Help to Buy just for first-time buyers?
A) Help to Buy is available for both first-time buyers and existing homeowners.


Q) How does the 20% Equity Loan work?
A) Help to Buy Equity Loan provides buyers with an equity loan of up to 20% of the property value which can be repaid at any time within the first 25 years (or the terms of mortgage), or alternatively on the sale of the property.

In England and Wales, you won’t be charged any loan fees for the first 5 years of owning your home. In the 6th year, you’ll be charged a fee of 1.75% of the loan’s value. After this, the fee will increase every year. The increase is worked out by using the Retail Prices Index plus 1%. Note that fees don’t count towards paying back the equity loan. With Help to Buy Equity Loan, buyers only need up to a 75% mortgage.

Q) Why has Help to Buy been set up?
A) The Government is continuing its pledge to help more people across the UK to become home owners.

Q) Am I able to buy a house under the new scheme?
A) If you can raise a 5% deposit you will be able to buy a new home under Help to Buy.

Q) When did the scheme start?
A) Help to Buy Equity Loan came into operation on 1 April 2013 in England, 30th September 2013 in Scotland and 25th November 2013 in Wales.

Q) What is the maximum property purchase price?
A) The maximum home purchase price with Help to Buy Equity Loan is £600,000 in England, £250,000 in Scotland and £300,000 in Wales.

Q) Can I use Help to Buy for a buy-to-let property?
A) No, the scheme is only available on properties that will be occupied by the person or persons who have taken out the mortgage.

Q) Am I able to get an interest only mortgage using Help to Buy?
A) No, the scheme is only available in relation to capital repayment mortgages.


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CLICK TO Read the full terms and conditions for England