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Help to Buy : Equity Loan has closed

  • Applications for this scheme closed on 31 October 2022, and all homebuyers were required to reach legal completion on their home before 31 May 2023.
  • You can find more information about Help to Buy: Equity Loan (2021-2023) in our homebuyers’ guide.
  • For information on how to manage your equity loan, visit Manage your Help to Buy : Equity Loan.

Overview

  • Help to Buy: Equity Loan (2021-2023) was a scheme for first-time buyers. It included regional property price limits to ensure the scheme reached people who needed it most.
  • Homebuyers could borrow between 5% and 20% of the cost of a newly built home in England, and up to 40% in London.
  • Help to Buy: Equity Loan (2021-2023) was launched on 1 April 2021.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE