Buying Options

About Help to Buy schemes

Help to Buy schemes are run by the government. They are designed to make it more affordable for people to own their own homes. As a Help to Buy agent, we help to deliver two separate schemes: 

  • Help to Buy: Equity Loan 
  • Help to Buy: Shared Ownership 

Help to Buy: Equity Loan

Help to Buy: Equity Loan is a government scheme that allows you to borrow a low-interest loan to put towards the cost of purchasing a newly build home.  

The equity loan is for the value of up to 20% of the purchase price for homes that are outside of London. For homes inside London, the equity loan is up to 40% of the purchase price. 

You add the equity loan to the deposit you have saved and to the amount you need to borrow on a repayment mortgage. Together these cover the total cost of buying your newly built home. 

Learn more about Help to Buy: Equity Loan 

Help to Buy: Shared Ownership

Help to Buy: Shared Ownership offers those who can’t afford to buy a home through a traditional mortgagethe opportunity to buy a share of it. This can be between 25%-75% of the home’s value.  

You will pay rent, to cover the percentage of the property that you do not own. The more of the property you have a share in, the lower your rental payments will be. 

Some shared ownership products are designed for specific groups of people:   

  • Home ownership for people with long-term disabilities (HOLD) 
  • Older people’s shared ownership (OPSO) 
  • Rent to Buy (offering homes with rents that approximately 20% cheaper than similar properties on the open market – to help you save for a deposit to purchase a home in the future). 

Learn more about Help to Buy: Shared Ownership 

Please remember, your home may be repossessed if you do not keep up repayments on your mortgage or other loans secured against it.