Help to Buy Mortgage Guide

We secure more ‘Help to buy’ and ‘Help to buy – London’ loans all the time, so if you’d like to explore this type of new build homeownership, our mortgage brokers can be trusted to provide honest, expert advice. In the meantime, find out if you’re eligible for a help to buy loan with our Help to Buy Mortgage Guide.


Help to Buy (HTB) is a government scheme. It allows first-time and other buyers of a new build to borrow up to 20% of the property's value (or 40% in London). The loan is directly from the government and you pay the capital back when you sell.

In 2015, the government launched the HTB ISA, a savings account designed specifically to help you save for your first home deposit. As long as you follow the scheme rules and can prove that you've completed on your purchase, the government will pay a 25% bonus on your saved capital once you close the ISA.

The HTB Equity Loan scheme is available for new build properties with a purchase price of up to £600,000. The government will lend you up to 20% of the cost of a brand new home, meaning you only need a 5% cash deposit and a 75% mortgage. The equity loan is interest-free for the first five years. From year six, the government charges a fee of 1.75%, then RPI plus 1% per annum.

If your dream is to own a home in the capital, an adapted version of the Equity Loan scheme could be for you. The Government introduced a London-only version of Help to Buy in February 2016, available across all Greater London boroughs. You're eligible if you have a 5% deposit to put down on your new home. This version has an upper loan limit of up to 40% of your purchase price rather than the standard 20%, and works the same as the nationwide scheme.

With Help to Buy ‐ London, you won't be charged loan fees on the 40% loan for the first five years of owning your home, apart from a nominal monthly £1 per month fee.

Both are available if you're a first-time buyer or a homeowner who wants to sell up and move, and you want to buy a brand new home with a purchase price of up to £600,000. You don't qualify if you own any other property, including a second home or a rental property.

Mortgage Calculators

Moving forward with your mortgage plans depends on how much you can borrow. Whether you’re a first time buyer, moving home, remortgaging or buying to let, our industry standard mortgage calculators gives you a quick and reliable calculation of monthly repayments. There’s a handy tool for calculating stamp duty too. So once you have your answers, ask Mortgage Scout to find you a money saving mortgage that matches your maths – simple.

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Because we play by the book we want to tell you that...

You may have to pay an early repayment charge to your existing lender if you remortgage.

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.

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