With the Help to Buy equity loan, the government lent up to 20% of the cost of a newly built home, so you only needed a 5% cash deposit and a 75% mortgage to make up the rest. The Help to Buy: Equity Loan was subject to eligibility, terms and conditions.
The Help to Buy: Equity Loan was interest-free for the first five years of owning your home. After that, the purchaser paid an annual fee of 1.75% on the amount of the outstanding loan, however, this fee will increase each year by inflation.
Please note that the Help to Buy: Equity Loan officially ended in March 2023.