Help to Buy Calculator

Calculate Help to Buy Costs

Enter your property details to see your equity loan amount, mortgage payments, and total costs.

Property Value (£)

Your Deposit (£)

Equity Loan (%)

Mortgage Interest Rate (%)

Mortgage Term (years)

Help to Buy Scheme

The Help to Buy scheme helps first-time buyers purchase new-build homes with just a 5% deposit.

The government provides an equity loan of up to 20% (40% in London) which is interest-free for 5 years.

Important Notes

Key requirements:

First-time buyers only
New-build properties only
Minimum 5% deposit required
Property must be your main residence
Maximum property values apply

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Frequently Asked Questions

Essential information about Help to Buy in the UK

What is Help to Buy?

Help to Buy is a government scheme that helps first-time buyers purchase new-build homes with a 5% deposit. The government provides an equity loan of up to 20% (40% in London) of the property value.

How does the equity loan work?

The equity loan is interest-free for the first 5 years. After that, you pay 1.75% annually, increasing each year by RPI + 1%. You repay the loan when you sell or remortgage, based on the current property value.

Who is eligible for Help to Buy?

You must be a first-time buyer purchasing a new-build property as your main residence. You need a minimum 5% deposit and the property must be within the regional price caps.

What are the regional price caps?

Price caps vary by region, from £186,100 in the North East to £600,000 in London. Check the government website for current limits in your area.

When do I repay the equity loan?

You can repay the loan at any time, in full or in chunks of at least 10%. You must repay when you sell the property or at the end of your mortgage term.