About us Services Property Search Latest News Get in Touch What is Help to Buy: Equity Loan? The new Help to Buy: Equity Loan scheme was launched on 1 April 2021. The new scheme will run until March 2023. As with the previous scheme, the government will lend homebuyers up to 20% of the cost of a newly built home, and up to 40% in London. The equity loan, the deposit you have saved, and your repayment mortgage cover the total cost of buying your newly built home. The percentage you borrow is based on the market value of your home when you buy it. You do not pay interest on the equity loan for the first 5 years. You start to pay interest in year 6, on the equity loan amount you borrowed. See example below for a home with a £400,000 price tag; Who is eligible? The Help to Buy:Equity Loan is for first-time buyers and includes regional property price limits to ensure the scheme reaches people who need it most. For more information regarding the regional caps please click here. You won’t be able to sublet this home or enter a part exchange deal on your old home. *Content taken from www.helptobuy.gov.uk Helpful Web Links www.helptobuy.gov.uk About Us Services Property Search Latest News Get in Touch Regenta Privacy Policy Careers What is Shared Ownership? What is Help to Buy: Equity Loan? Covid-19 Policy SITE SALES 5 Loughton Business Centre Langston Road Loughton Essex IG10 3FL Telephone: 020 8502 5758 Call our marketing team: 020 8502 5758 or email us HERE ©Copyright 2021. SiteSales Property Group Company reg No. 2406015 England VAT No: 739 9631 80 SiteSales Property Group Our site uses cookies and continuing implies your consent. Click here to read more. Don't show message again