help to buy is here to help

Who is eligible?

  • Equity loans are available to first time buyers as well as homeowners looking to move.
  • You cannot have a deposit lower than 5% of the full purchase price.
  • The maximum income multiple for a Help to Buy purchase is 4.5x your household joint or single income. The mortgage taken must be on a repayment basis and cannot be interest-free.
  • Your debt to household income ratio cannot be more than 45% please see the guidance on this on the How do I apply page
  • All Help to Buy applicants will go through a financial assessment. For further information, please read the Capital Funding Guide.
  • Help to Buy London will carry out a sustainability check when you send your application through using the Calculator provided by the Homes and Communities Agency following the Calculator Guidance
  • You cannot part exchange your current home to buy a new home under Help to Buy.
  • You must not own any other property at the time you buy your new home with a Help to Buy equity loan.
  • You will not be able to sublet a home purchased under Help to Buy.
  • The home you want to buy must be a new build, advertised as Help to Buy by a Help to Buy registered developer, with a maximum price of £600,000. Help to Buy assistance is unavailable for new builds that are not Help to Buy registered.
  • This particular scheme is available in England only. There are Help to Buy schemes available in Wales and Scotland; however, each national Help to Buy scheme has varying terms. Please keep this in mind for any prospective Help to Buy purchase.

Armed Forces Applicants

  • Sub-letting of the home is allowed by a serving member of the Armed Forces whose tour of duty requires them to serve away from the area in which they live for a fixed period. Applications to sublet must be made to the Post Sales Agent and if it meets the above criteria, subletting will be approved.