MBA FINANCIAL LTD
Help to Buy
How does it work?
Help to Buy: Equity Loan (2021-2023)
- If you’re a first-time buyer in England, you can apply for a Help to Buy: Equity Loan.
- This is a loan from the government that you put towards the cost of buying a newly built home.
- You can borrow a minimum of 5% and up to a maximum of 20% (40% in London) of the full purchase price of a new-build home.
- You must buy your home from a homebuilder registered for Help to Buy: Equity Loan
- The amount you pay for a home depends on where in England you buy it.
MBA FINANCIAL LTD
Help to Buy: Equity Loan price caps – April 2021 to March 2023
Region Maximum property price
- North East £186,100
- North West £224,400
- Yorkshire and the Humber £228,100
- East Midlands £261,900
- West Midlands £255,600
- East of England £407,400
- London £600,000
- South East £437,600
- South West £349,000