As a home-buying product aimed at helping those who couldn't afford to purchase a property on the open market, there were certain requirements that buyers needed to meet to be considered eligible for Help to Buy.
For example, you had to be 18 years or older, have at least a 5% deposit of the full purchase price of the property, and must be a first time buyer. If you were buying the property with another person, you both needed to be first time buyers to benefit from the equity loan - meaning neither of you had ever owned another property either in the UK or abroad.
Please note that the Help to Buy: Equity Loan officially ended in March 2023.