Help to Buy Calculator
Calculate your UK Help to Buy equity loan, deposit, and mortgage requirements.
UK Help to Buy Equity Loan Calculator
Enter your property details to see how Help to Buy can help you get on the property ladder
Understanding Help to Buy
What is Help to Buy?
Help to Buy is a UK government scheme helping first-time buyers purchase new-build homes. The government provides an equity loan of up to 20% (40% in London) of the property price, interest-free for the first 5 years. You need just a 5% deposit.
Eligibility Requirements
- Must be a first-time buyer
- Property must be a new-build home
- Maximum price varies by region
- Must be your only residence
- Cannot sublet the property
Equity Loan Fees
- Years 1-5: Interest-free
- Year 6: 1.75% fee on loan value
- Fee increases by RPI + 1% annually
- Repay when you sell or mortgage ends
- Can make partial repayments (min 10%)
Important Considerations
- Repay same percentage, not same amount
- Property value changes affect repayment
- Plan for fees after year 5
- Consider remortgaging to repay loan
- Check regional price caps apply