Jargon Busting: Help to Buy

Help to Buy explained in 30 seconds

What do I need to know about the Help to Buy equity loan?

As part of our Jargon Busting in 30 seconds or less mini-series, we’ve taken a look at the Help to Buy equity loan and what the scheme involves.

Please note that the Help to Buy equity loan closed to new applicants on October 31st, 2022. Find out more on Share to Buy.

Help to Buy was a government backed scheme which aims to help first time buyers get a foot onto the property ladder. The Help to Buy equity loan enabled purchasers to buy a new build home with the help of an equity loan, also known as shared equity.

The government provided a loan of up to 20% of the home, so the purchaser only needed to raise a 5% deposit, with a 75% mortgage making up the rest. As the equity loan counted towards your deposit, you may have been able to take out a mortgage where you might otherwise have struggled. This also means that you didn’t have to take out a costly 95% mortgage. Please note that the Help to Buy: Equity Loan is subject to eligibility, terms and conditions.

For more information on Help to Buy, check out our other articles below:

Government Equity Loan
Learn more about the Help to Buy: Equity Loan on the government website.
Help to Buy Agents
For questions about the application process, contact the Help to Buy Agent in your area. 

Share to Buy is a one stop shop for affordable homes. On our website, you can search for propertiescompare mortgages, and find out all you need to know about alternative home-buying schemes using our FAQs and guides.