How it works

If you’re a first time buyer in England, you can apply for a Help to Buy London: Equity Loan.

This is a loan from the government that you put towards the cost of buying a new home. You can borrow up to a maximum of 40% of the full purchase price of a new-build home.

Am I eligible?

– The property bought must cost £600,000 or less.

– You cannot own another property except the one you’re buying.

– It’s only available on new build homes.

What’s the benefit?

Help to Buy means you only need to save for a 5% deposit with the government equity loan taking your deposit value up to 45%. You should also get a better mortgage interest rate as you only have a 55% mortgage to pay.

The equity loan is interest free for the first 5 years, after which interest and repayment charges apply.

Speak to one of our financial advisors for more information on how Help to Buy works and your eligibility.

You can also find out more at

HELP TO BUY COSTS based on a £440,000 apartment AT EVERGREEN


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