A Help to Buy Equity loan means that the Government lends you up to 20% of the cost of your new-build home, so you’ll only need a 5% cash deposit and a 75% mortgage to make up the rest. You won’t be charged loan fees on the 20% loan for the first five years of owning your home. The government would own 20% of the property and would therefore benefit from any increase in value.

Help to Buy - Brilliant Money

Help to Buy Equity loans are available to first time buyers as well as homeowners looking to move. The home you want to buy must be newly built with a purchase price of up to £600,000. There are restrictions as you won’t be able to sublet this home or enter a part exchange deal on your old home. You must not own any other property (including overseas properties), at the time you buy your new home with a Help to Buy equity loan.

This scheme is available in England only however please contact us if you are interested schemes available in Wales, Scotland and Northern Ireland.