Mortgage Calculator
Whether you're a first-time buyer or already a property owner did you know you could buy a new home with a small deposit of 5%, with a government Help to Buy loan.
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.
Without Help to Buy
| Your deposit | £2,500 | 5% |
| Your mortgage | £47,500 | 95% |
| Monthly Payment | £213.30 | |
With Help to Buy
| Your deposit | £2,500 | 5% |
| Help to Buy Loan | £10,000 | 20% |
| Your mortgage | £37,500 | 75% |
| Monthly Payment | £168.39 | |