Who is eligible?

Equity loans are available to first time buyers as well as homeowners looking to move. The home you want to buy must be newly built with a price tag of up to £600,000.

When you buy your new home with an equity loan, you must:

  • be able to afford the monthly fee and interest payments
  • not own any other property or enter a part exchange deal on your old home
  • not sublet or rent out the property after you buy it

If you have a large deposit and can secure a mortgage without our assistance, consider if a Help to Buy: Equity Loan is right for you. Getting independent financial advice could help you make the right choice.

This scheme is available in England only. The Scottish Government, Welsh Government and Northern Ireland run similar schemes – check out their websites.