Throughout the entire process of buying a house, it is highly recommended to seek legal advice if you are unsure about anything and legal help will be required for some parts of the process anyway.

For advice about mortgages and your economical situation and whether buying is a good idea for you, you could seek an appointment at your bank or building society.

To see if you qualify for any of the government schemes, contact your local HomeBuy Agent.

List of HomeBuy agents

Note: For a free no obligation chat with an independent mortgage specialist about your requirements please complete our mortgage enquiry form below.

Mortgage Calculator

Equity Loan Mortgage Calculator

Whether you're a first-time buyer or already a property owner you could buy a new home with a small deposit of 5%, heres how.

How Help to Buy Equity Loans Work

  • First time buyers and those already on the property ladder can apply.
  • To qualify a 5% deposit is required.
  • A 75% mortgage must be secured from your bank or building society.
  • The remaining 20% of the property’s value is funded by an equity loan provided by the Government.
  • House prices can’t be more than £600,000 in England and £300,000 in Wales.

Country of Residence

England

Wales

House Price

Min£50,000

£50,000

Max£600,000

Deposit

Min (5% of house price)£2,500

£2,500

Max (30% of house price)£15,000

Interest Rate

Min2.00%

3.50%

Max6.00%

Term

Min25 Years

30 Years

Max35 Years

Without Help to Buy

Your deposit£2,5005%
Your mortgage£47,50095%
 
Monthly Payment£213.30 

With Help to Buy

Your deposit£2,5005%
Help to Buy Loan£10,00020%
Your mortgage£37,50075%
 
Monthly Payment£168.39 

This calculator is provided to give you basic guidance only. This information is computer-generated and relies on certain assumptions. It has only been designed to give a useful general indication of costs. Its important you always get a specific quote from the lender and double-check the price yourself before acting on the information. We cannot accept responsibility for any errorsand recommend that you obtain exact figures from a specific lender before committing to any mortgage.

Mortgage Enquiry Form

If you need help with arranging finance for your first home, moving to your next one or remortgaging your current property.

Please enter the details below to submit your FREE mortgage enquiry and an FCA regulated Independent Mortgage Broker will contact you as soon as possible to discuss your requirements.

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Thank you for your Mortgage enquiry

An independant FCA Regulated mortgage broker will contact you shortly to help source the best available mortgage for your circumstances.