There are several government schemes that are either no longer available, or there are similar, better, and newer schemes in place that have made old schemes redundant.

The ticked schemes below are the more modern schemes whilst the crossed ones are out of date, no longer available or versions that have been surpassed by the newer schemes.

Shared Ownership Schemes Available
AFHOS No
OPSO Yes
HOLD Yes

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.

Fields marked with an * are required

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.