With a Help to Buy: Equity Loan, subject to eligibility, terms and conditions, just a 5% deposit is needed - giving you the opportunity to start searching for your dream home sooner than anticipated.


What is the Help to Buy: Equity Loan?

The Help to Buy: Equity Loan backed by HM Government is a scheme exclusively available on new build properties up to £186,100 in the North East.

  • It is available to first-time buyers only
  • You will only need a minimum deposit of 5% to purchase your dream home
  • The Government will lend you up to 20% of the value of the new home through an Equity Loan which can be repaid at any time during the loan term or on the sale of your home
  • The loan is interest free for the first 5 years of owning your home
  • You will only need to secure up to a 75% mortgage
  • There is a range of competitive mortgage rates available
  • You will own 100% of your home!

How does it work?

For first-time buyers looking to move into a new home, Help to Buy makes it possible.

If your dream home is on the market for £120,000, you:

  • will only need to pay a minimum of 5% deposit
  • could lend up to a £24,000 Equity Loan from the Government which is interest free for 5 years
  • will secure up to a 75% mortgage before the home is yours!


Find your Help to Buy agent

For more information, contact your Help to Buy agent via Find a Help to Buy agent - Own Your Home - Own Your Home

or visit the official Help to Buy website Home | Own Your Home